First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Hits New 12-Month Low – Should You Sell?

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) reached a new 52-week low during trading on Monday. The stock traded as low as $39.01 and last traded at $39.4350, with a volume of 40729 shares. The stock had previously closed at $39.36.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.4%

The stock has a fifty day simple moving average of $40.32 and a two-hundred day simple moving average of $40.64.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.22 per share. This is a decrease from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.2250. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.64 dividend on an annualized basis and a yield of 6.7%.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock valued at $164,841,000 after purchasing an additional 335,843 shares in the last quarter. Royal Bank of Canada boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% in the 1st quarter. Royal Bank of Canada now owns 751,041 shares of the company’s stock worth $30,470,000 after purchasing an additional 39,905 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 331,759 shares of the company’s stock worth $13,486,000 after buying an additional 14,618 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% in the first quarter. Elevation Point Wealth Partners LLC now owns 275,331 shares of the company’s stock valued at $11,170,000 after acquiring an additional 11,347 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 35.8% during the first quarter. Janney Montgomery Scott LLC now owns 237,111 shares of the company’s stock valued at $9,620,000 after acquiring an additional 62,493 shares in the last quarter.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.