Lido Advisors LLC Invests $3.01 Million in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Lido Advisors LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 71,833 shares of the company’s stock, valued at approximately $3,007,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acorn Wealth Advisors LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 52.2% during the fourth quarter. Acorn Wealth Advisors LLC now owns 50,639 shares of the company’s stock worth $2,120,000 after purchasing an additional 17,375 shares during the period. Moors & Cabot Inc. grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.8% during the fourth quarter. Moors & Cabot Inc. now owns 15,378 shares of the company’s stock worth $644,000 after purchasing an additional 975 shares during the period. Harbour Investments Inc. grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 52,416 shares of the company’s stock worth $2,194,000 after purchasing an additional 1,748 shares during the period. Prospera Financial Services Inc grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.5% during the fourth quarter. Prospera Financial Services Inc now owns 63,892 shares of the company’s stock worth $2,675,000 after purchasing an additional 2,164 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth $2,601,000.

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

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $40.74 on Monday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.01 and a 12 month high of $42.40. The business has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $41.30.

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

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 21st.

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.