First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 24.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326,669 shares of the company’s stock after purchasing an additional 64,050 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $13,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 93.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,253 shares of the company’s stock valued at $52,000 after purchasing an additional 605 shares in the last quarter. NBC Securities Inc. lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 142,700.0% in the first quarter. NBC Securities Inc. now owns 1,428 shares of the company’s stock valued at $58,000 after acquiring an additional 1,427 shares during the last quarter. Topsail Wealth Management LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at approximately $83,000. Copia Wealth Management acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at approximately $90,000. Finally, IMG Wealth Management Inc. raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 30.0% in the first quarter. IMG Wealth Management Inc. now owns 3,761 shares of the company’s stock valued at $154,000 after purchasing an additional 867 shares during the period.

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

NASDAQ:HYLS opened at $41.79 on Friday. The company’s 50 day moving average is $41.55 and its 200-day moving average is $41.34. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $39.49 and a 12 month high of $42.55.

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

The company also recently announced a monthly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend was Thursday, June 26th. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

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.