First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Hits New 52-Week Low – Here’s What Happened

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $40.00 and last traded at $39.9850, with a volume of 96287 shares trading hands. The stock had previously closed at $40.25.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.7%

The firm’s fifty day moving average is $40.55 and its 200 day moving average is $40.74.

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 Monday, August 31st. Stockholders of record on Friday, August 21st were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

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

Several large investors have recently bought and sold shares of HYLS. LPL Financial LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% during the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after purchasing an additional 335,843 shares during the last quarter. Lido Advisors LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth $3,007,000. Janney Montgomery Scott LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 35.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 237,111 shares of the company’s stock worth $9,620,000 after acquiring an additional 62,493 shares during the period. Hyposwiss Advisors SA purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at about $2,034,000. Finally, Western Wealth Management LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 377.5% during the first quarter. Western Wealth Management LLC now owns 54,371 shares of the company’s stock worth $2,206,000 after acquiring an additional 42,984 shares during the period.

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.