KMG Fiduciary Partners LLC Purchases 30,153 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

KMG Fiduciary Partners LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 9.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,953 shares of the company’s stock after buying an additional 30,153 shares during the quarter. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF accounts for about 1.0% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 20th largest holding. KMG Fiduciary Partners LLC owned about 0.87% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $15,136,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. IFP Advisors Inc raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% during the second quarter. IFP Advisors Inc now owns 595 shares of the company’s stock valued at $25,000 after purchasing an additional 254 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% in the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock valued at $39,000 after purchasing an additional 490 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $58,000 after purchasing an additional 841 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 87.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,005 shares of the company’s stock valued at $84,000 after purchasing an additional 937 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,055.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,576 shares of the company’s stock worth $108,000 after buying an additional 2,540 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

Shares of HYLS stock opened at $41.71 on Friday. The business has a fifty day simple moving average of $41.81 and a 200 day simple moving average of $41.84. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $39.49 and a twelve month high of $42.40.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.2225 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, December 12th. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.