Silver Oak Securities Incorporated Cuts Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Silver Oak Securities Incorporated cut its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 7.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,922 shares of the company’s stock after selling 1,697 shares during the period. Silver Oak Securities Incorporated’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $823,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Activest Wealth Management purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth approximately $27,000. JPMorgan Chase & Co. increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock worth $27,000 after buying an additional 524 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth $42,000. BNP Paribas Financial Markets boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% in the third quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock valued at $97,000 after acquiring an additional 2,298 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 32.4% during the third quarter. Raleigh Capital Management Inc. now owns 2,997 shares of the company’s stock valued at $126,000 after acquiring an additional 734 shares during the period.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.54 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.12 and a 12 month high of $42.55. The stock’s 50-day moving average is $41.59 and its 200-day moving average is $41.60.

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

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd 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 monthly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $2.58 annualized dividend and a yield of 6.21%.

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.