First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Stock Position Decreased by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC cut its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,500 shares of the company’s stock after selling 6,252 shares during the period. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF accounts for about 1.6% of Brendel Financial Advisors LLC’s investment portfolio, making the stock its 27th largest position. Brendel Financial Advisors LLC owned approximately 0.16% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $2,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth about $812,000. Jane Street Group LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter valued at approximately $298,000. Activest Wealth Management acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth approximately $27,000. Atria Investments Inc lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 85.3% in the 3rd quarter. Atria Investments Inc now owns 11,718 shares of the company’s stock worth $492,000 after purchasing an additional 5,395 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth approximately $2,990,000.

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

HYLS opened at $41.26 on Wednesday. The business has a 50 day moving average price of $41.63 and a 200 day moving average price of $41.52. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.12 and a twelve month high of $42.55.

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

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.215 dividend. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.21. The ex-dividend date was Friday, December 13th.

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.