Gladstone Institutional Advisory LLC Sells 496 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Gladstone Institutional Advisory LLC lowered its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 2.9% during the 3rd quarter, Holdings Channel reports. The firm owned 16,800 shares of the company’s stock after selling 496 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth approximately $52,000. Hilltop National Bank bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth approximately $77,000. Ashton Thomas Private Wealth LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth approximately $98,000. Raleigh Capital Management Inc. grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 32.4% in the third quarter. Raleigh Capital Management Inc. now owns 2,997 shares of the company’s stock worth $126,000 after purchasing an additional 734 shares in the last quarter. Finally, Aristides Capital LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth approximately $220,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1 %

Shares of NASDAQ HYLS opened at $41.40 on Monday. The stock’s fifty day simple moving average is $41.80 and its two-hundred day simple moving average is $41.16. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $38.69 and a 12-month high of $42.35.

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

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.2075 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.49 annualized dividend and a yield of 6.01%.

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

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.