Proficio Capital Partners LLC Invests $598,000 in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Proficio Capital Partners LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,466 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HYLS. Private Advisor Group LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% in the fourth quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock valued at $14,921,000 after acquiring an additional 184,622 shares in the last quarter. Ocean Park Asset Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at $2,538,000. RiverTree Advisors LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at $1,949,000. Winebrenner Capital Management LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at $1,171,000. Finally, Benjamin Edwards Inc. purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at $1,060,000.

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

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.29 on Monday. The business has a fifty day simple moving average of $41.52 and a two-hundred day simple moving average of $41.66. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.215 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date was Friday, February 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.