Iams Wealth Management LLC Grows Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Iams Wealth Management LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 34.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,468 shares of the company’s stock after buying an additional 5,206 shares during the quarter. Iams Wealth Management LLC owned about 0.05% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth $52,000. Hilltop National Bank bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth $77,000. Ashton Thomas Private Wealth LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth $98,000. Finally, DHJJ Financial Advisors Ltd. lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% in the first quarter. DHJJ Financial Advisors Ltd. now owns 4,817 shares of the company’s stock worth $199,000 after buying an additional 319 shares during the last quarter.

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

Shares of HYLS opened at $41.90 on Tuesday. The business has a fifty day moving average of $41.70 and a 200 day moving average of $41.08. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $37.78 and a 52-week high of $42.35.

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

The firm also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.2075 per share. The ex-dividend date was Thursday, September 26th. This represents a $2.49 annualized dividend and a dividend yield of 5.94%.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF 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.