First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,247 shares of the company’s stock after selling 2,924 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $1,223,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HYLS. LPL Financial LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 21.6% in the first quarter. LPL Financial LLC now owns 3,528,904 shares of the company’s stock valued at $144,826,000 after acquiring an additional 625,788 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 37.6% in the first quarter. Raymond James Financial Inc. now owns 498,836 shares of the company’s stock valued at $20,472,000 after acquiring an additional 136,221 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 163.8% in the first quarter. Geneos Wealth Management Inc. now owns 132,971 shares of the company’s stock valued at $5,457,000 after acquiring an additional 82,565 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 24.4% in the first quarter. Envestnet Asset Management Inc. now owns 326,669 shares of the company’s stock valued at $13,406,000 after acquiring an additional 64,050 shares in the last quarter. Finally, Rockport Wealth LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at $2,191,000.

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

Shares of NASDAQ HYLS opened at $41.85 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $39.49 and a 12-month high of $42.55. The business’s fifty day simple moving average is $42.03 and its 200-day simple moving average is $41.68.

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

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a $0.225 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, October 21st.

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.