Independent Advisor Alliance Takes $13.43 Million Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Independent Advisor Alliance acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 324,909 shares of the company’s stock, valued at approximately $13,428,000. Independent Advisor Alliance owned approximately 0.81% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HYLS. Jane Street Group LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth about $298,000. Activest Wealth Management acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter valued at about $27,000. Atria Investments Inc grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 85.3% in the 3rd quarter. Atria Investments Inc now owns 11,718 shares of the company’s stock valued at $492,000 after buying an additional 5,395 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 165,170 shares of the company’s stock worth $6,827,000 after purchasing an additional 4,392 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 32,275 shares of the company’s stock worth $1,354,000 after purchasing an additional 513 shares in the last quarter.

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

Shares of NASDAQ:HYLS opened at $41.34 on Tuesday. The company’s 50 day moving average price is $41.55 and its two-hundred day moving average price is $41.68. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.12 and a 12-month high of $42.55.

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

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.58 annualized dividend and a dividend yield of 6.24%.

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.