First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Hits New 12-Month High – Here’s Why

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.55 and last traded at $41.57, with a volume of 20397 shares. The stock had previously closed at $41.58.

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

The stock has a fifty day simple moving average of $41.80 and a 200-day simple moving average of $41.18.

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

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.2075 per share. This represents a $2.49 annualized dividend and a yield of 5.98%. The ex-dividend date was Tuesday, October 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 57,296.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,800,284 shares of the company’s stock worth $285,340,000 after acquiring an additional 6,788,436 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 227.6% in the first quarter. Cetera Investment Advisers now owns 214,933 shares of the company’s stock worth $8,862,000 after acquiring an additional 149,331 shares during the last quarter. LPL Financial LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.5% during the second quarter. LPL Financial LLC now owns 2,513,109 shares of the company’s stock worth $102,108,000 after purchasing an additional 131,309 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 63.5% during the second quarter. Concurrent Investment Advisors LLC now owns 199,909 shares of the company’s stock valued at $8,122,000 after purchasing an additional 77,632 shares during the last quarter. Finally, Flow Traders U.S. 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 approximately $3,155,000.

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.