First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shareholders to Get $0.22 Monthly Dividend

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) declared a monthly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.22 per share on Friday, October 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Wednesday, October 21st.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.4%

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock traded down $0.17 during trading hours on Wednesday, reaching $39.31. The company’s stock had a trading volume of 40,997 shares, compared to its average volume of 252,131. The stock’s fifty day simple moving average is $40.09 and its two-hundred day simple moving average is $40.56. 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.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cottonwood Capital Advisors LLC boosted its stake in 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 bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth approximately $214,000. Murphy Middleton Hinkle & Parker Inc. increased its holdings in 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 worth $684,000 after purchasing an additional 2,663 shares in the last quarter. Balefire LLC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 16.3% during the 3rd quarter. Balefire LLC now owns 7,399 shares of the company’s stock worth $291,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 331,759 shares of the company’s stock worth $13,486,000 after purchasing an additional 14,618 shares during the last quarter.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.