Flagstar Advisors Inc. Has $403,000 Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Flagstar Advisors Inc. lowered its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 57.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,755 shares of the company’s stock after selling 13,289 shares during the quarter. Flagstar Advisors Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $403,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Activest Wealth Management bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth $27,000. JPMorgan Chase & Co. raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% during the third quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at about $42,000. Kestra Investment Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at about $71,000. Finally, BNP Paribas Financial Markets increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% in the third quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock valued at $97,000 after purchasing an additional 2,298 shares during the last quarter.

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

NASDAQ HYLS opened at $41.69 on Thursday. The stock has a 50-day simple moving average of $41.55 and a 200 day simple moving average of $41.65. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.12 and a 12 month high of $42.55.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.215 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date was Wednesday, January 22nd. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21.

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.