Geneos Wealth Management Inc. Increases Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Geneos Wealth Management Inc. increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,406 shares of the company’s stock after acquiring an additional 2,956 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.13% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $2,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 57,296.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,800,284 shares of the company’s stock worth $285,340,000 after purchasing an additional 6,788,436 shares during the period. LPL Financial LLC lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% during the third quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock worth $133,484,000 after buying an additional 668,100 shares during the period. KMG Fiduciary Partners LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.6% during the 4th quarter. KMG Fiduciary Partners LLC now owns 316,515 shares of the company’s stock valued at $13,082,000 after acquiring an additional 11,109 shares in the last quarter. Raymond James & Associates increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 28.1% in the 3rd quarter. Raymond James & Associates now owns 280,616 shares of the company’s stock valued at $11,775,000 after acquiring an additional 61,485 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 208,021 shares of the company’s stock valued at $8,729,000 after acquiring an additional 8,112 shares during the period.

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

Shares of NASDAQ HYLS opened at $41.56 on Monday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $40.12 and a 1-year high of $42.55. The business has a fifty day moving average price of $41.60 and a 200 day moving average price of $41.57.

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

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.215 dividend. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.