Park Avenue Securities LLC Buys New Shares in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Park Avenue Securities LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 39,005 shares of the company’s stock, valued at approximately $1,532,000. Park Avenue Securities LLC owned about 0.10% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HYLS. Brookstone Capital Management boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.7% in the third quarter. Brookstone Capital Management now owns 7,375 shares of the company’s stock worth $290,000 after purchasing an additional 332 shares during the last quarter. Precedent Wealth Partners LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter valued at $277,000. Cottonwood Capital Advisors LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 44.2% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 36,809 shares of the company’s stock valued at $1,446,000 after purchasing an additional 11,278 shares during the last quarter. Encompass More Asset Management purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at $214,000. Finally, Murphy Middleton Hinkle & Parker Inc. increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 18.1% during the 3rd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 17,406 shares of the company’s stock valued at $684,000 after purchasing an additional 2,663 shares during the last quarter.

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

NASDAQ HYLS opened at $39.74 on Monday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.01 and a one year high of $42.40. The business’s fifty day moving average is $39.91 and its 200-day moving average is $40.70.

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

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, October 21st. This represents a $2.64 annualized dividend and a yield of 6.6%.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF 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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.