Sigma Planning Corp Decreases Stock Holdings in First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Sigma Planning Corp trimmed its stake in shares of First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 74.8% in the 4th quarter, Holdings Channel reports. The firm owned 36,987 shares of the company’s stock after selling 109,832 shares during the period. Sigma Planning Corp’s holdings in First Trust Tactical High Yield ETF were worth $1,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HYLS. Private Trust Co. NA grew its position in First Trust Tactical High Yield ETF by 10.3% during the third quarter. Private Trust Co. NA now owns 8,119 shares of the company’s stock valued at $319,000 after buying an additional 756 shares during the period. Flagstar Advisors Inc. grew its position in First Trust Tactical High Yield ETF by 3.1% during the third quarter. Flagstar Advisors Inc. now owns 41,368 shares of the company’s stock valued at $1,623,000 after buying an additional 1,234 shares during the period. U.S. Capital Wealth Advisors LLC bought a new stake in First Trust Tactical High Yield ETF during the third quarter valued at approximately $1,838,000. Brookstone Capital Management grew its position in First Trust Tactical High Yield ETF by 2.4% during the third quarter. Brookstone Capital Management now owns 31,119 shares of the company’s stock valued at $1,193,000 after buying an additional 734 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in First Trust Tactical High Yield ETF by 142.8% during the third quarter. Commonwealth Equity Services LLC now owns 364,215 shares of the company’s stock valued at $14,288,000 after buying an additional 214,209 shares during the period.

First Trust Tactical High Yield ETF Trading Up 0.4 %

HYLS opened at $40.50 on Tuesday. First Trust Tactical High Yield ETF has a 1-year low of $37.78 and a 1-year high of $41.79. The company has a 50 day simple moving average of $41.00 and a two-hundred day simple moving average of $40.57.

First Trust Tactical High Yield ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.52%.

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.