Kovack Advisors Inc. Increases Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Kovack Advisors Inc. lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,821 shares of the company’s stock after purchasing an additional 1,350 shares during the period. Kovack Advisors Inc. owned about 0.20% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HYLS. Private Trust Co. NA increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.3% in the third quarter. Private Trust Co. NA now owns 8,119 shares of the company’s stock worth $319,000 after purchasing an additional 756 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth $1,838,000. Brookstone Capital Management increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.4% in the third quarter. Brookstone Capital Management now owns 31,119 shares of the company’s stock worth $1,193,000 after purchasing an additional 734 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 142.8% in the third quarter. Commonwealth Equity Services LLC now owns 364,215 shares of the company’s stock worth $14,288,000 after purchasing an additional 214,209 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 132.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 199,740 shares of the company’s stock worth $7,836,000 after purchasing an additional 113,841 shares in the last quarter.

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

HYLS traded up $0.12 during trading on Friday, hitting $40.35. 188,148 shares of the company traded hands, compared to its average volume of 186,310. The stock’s 50-day simple moving average is $40.96 and its two-hundred day simple moving average is $40.58. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $37.78 and a 1 year high of $41.79.

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

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.2125 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $2.55 annualized dividend and a yield of 6.32%.

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.