New Wave Wealth Advisors LLC Cuts Stock Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

New Wave Wealth Advisors LLC lessened its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,261 shares of the company’s stock after selling 2,236 shares during the quarter. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF accounts for about 1.2% of New Wave Wealth Advisors LLC’s holdings, making the stock its 21st biggest position. New Wave Wealth Advisors LLC owned approximately 0.18% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $3,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Luken Investment Analytics LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 124.4% during the fourth quarter. Luken Investment Analytics LLC now owns 22,313 shares of the company’s stock worth $922,000 after purchasing an additional 12,371 shares in the last quarter. SteelPeak Wealth LLC grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.6% in the fourth quarter. SteelPeak Wealth LLC now owns 15,800 shares of the company’s stock valued at $653,000 after purchasing an additional 400 shares during the period. Perigon Wealth Management LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 68.2% during the fourth quarter. Perigon Wealth Management LLC now owns 21,289 shares of the company’s stock worth $885,000 after purchasing an additional 8,633 shares during the last quarter. Foundations Investment Advisors LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth approximately $535,000. Finally, Lighthouse Wealth Management Inc. acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at $632,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.1 %

Shares of HYLS opened at $41.67 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.12 and a twelve month high of $42.55. The stock’s fifty day simple moving average is $41.60 and its 200 day simple moving average is $41.58.

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

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.215 per share. 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 6.19%. The ex-dividend date is Wednesday, January 22nd.

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.