Stifel Financial Corp Sells 25,936 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Stifel Financial Corp decreased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 13.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,262 shares of the company’s stock after selling 25,936 shares during the period. Stifel Financial Corp owned 0.42% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $6,892,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HYLS. Activest Wealth Management bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at about $27,000. BNP Paribas Financial Markets lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% in the third quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock valued at $97,000 after buying an additional 2,298 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at about $98,000. Raleigh Capital Management Inc. lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 32.4% in the third quarter. Raleigh Capital Management Inc. now owns 2,997 shares of the company’s stock valued at $126,000 after buying an additional 734 shares during the period. Finally, Aristides Capital LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at about $220,000.

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

NASDAQ:HYLS opened at $41.67 on Friday. 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’s 50-day moving average price is $41.74 and its two-hundred day moving average price is $41.41.

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

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.21.

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.