109,948 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 109,948 shares of the company’s stock, valued at approximately $4,319,000. Oppenheimer & Co. Inc. owned 0.27% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 35.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 237,111 shares of the company’s stock valued at $9,620,000 after buying an additional 62,493 shares during the period. Western Wealth Management LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 377.5% during the 1st quarter. Western Wealth Management LLC now owns 54,371 shares of the company’s stock worth $2,206,000 after buying an additional 42,984 shares during the period. Royal Bank of Canada raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% during the 1st quarter. Royal Bank of Canada now owns 751,041 shares of the company’s stock worth $30,470,000 after buying an additional 39,905 shares during the period. Park Avenue Securities LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth about $1,532,000. Finally, Fifth Third Bancorp bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter worth about $1,185,000.

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

NASDAQ:HYLS opened at $39.80 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $39.01 and a 1 year high of $42.40. The stock has a 50-day moving average price of $39.93 and a two-hundred day moving average price of $40.72.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, October 21st.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF 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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.