Advisory Alpha LLC Lowers Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Advisory Alpha LLC reduced its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 19.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,541 shares of the company’s stock after selling 4,319 shares during the period. Advisory Alpha LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $733,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Wealth Watch Advisors INC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.1% during the second quarter. Wealth Watch Advisors INC now owns 10,095 shares of the company’s stock worth $422,000 after buying an additional 299 shares during the period. Transcend Capital Advisors LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 11.9% during the second quarter. Transcend Capital Advisors LLC now owns 11,222 shares of the company’s stock worth $469,000 after buying an additional 1,189 shares during the period. Envestnet Asset Management Inc. grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 327,952 shares of the company’s stock worth $13,712,000 after buying an additional 1,283 shares during the period. IMG Wealth Management Inc. grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 16.0% during the second quarter. IMG Wealth Management Inc. now owns 4,361 shares of the company’s stock worth $182,000 after buying an additional 600 shares during the period. Finally, Balboa Wealth Partners purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth approximately $1,000,000.

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

HYLS opened at $42.00 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $39.49 and a 52-week high of $42.55. The company has a 50 day moving average of $42.03 and a two-hundred day moving average of $41.65.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a dividend of $0.225 per share. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Tuesday, October 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.