Kestra Investment Management LLC Makes New $71,000 Investment in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Kestra Investment Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the fourth quarter, HoldingsChannel reports. The firm bought 1,721 shares of the company’s stock, valued at approximately $71,000.

Several other large investors have also modified their holdings of HYLS. D.A. Davidson & CO. increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.0% in the fourth quarter. D.A. Davidson & CO. now owns 41,678 shares of the company’s stock valued at $1,723,000 after buying an additional 807 shares during the last quarter. ShoreHaven Wealth Partners LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth approximately $595,000. Ocean Park Asset Management LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $2,538,000. Stephens Inc. AR raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.3% during the 4th quarter. Stephens Inc. AR now owns 77,584 shares of the company’s stock valued at $3,207,000 after acquiring an additional 7,229 shares in the last quarter. Finally, Realta Investment Advisors bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth $288,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.6 %

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.45 on Friday. 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. The company has a fifty day moving average price of $41.54 and a two-hundred day moving average price of $41.65.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a $0.215 dividend. This represents a $2.58 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend is Friday, February 21st.

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.