Geneos Wealth Management Inc. Grows Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Geneos Wealth Management Inc. boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 163.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 132,971 shares of the company’s stock after buying an additional 82,565 shares during the quarter. Geneos Wealth Management Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $5,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HYLS. LPL Financial LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 21.6% in the 1st quarter. LPL Financial LLC now owns 3,528,904 shares of the company’s stock valued at $144,826,000 after buying an additional 625,788 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at $14,987,000. Jane Street Group LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4,796.8% in the 4th quarter. Jane Street Group LLC now owns 348,017 shares of the company’s stock valued at $14,384,000 after buying an additional 340,910 shares during the last quarter. Bank of America Corp DE raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.9% in the 4th quarter. Bank of America Corp DE now owns 761,374 shares of the company’s stock valued at $31,468,000 after buying an additional 340,538 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 127.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 205,468 shares of the company’s stock valued at $8,432,000 after buying an additional 115,243 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.0%

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.70 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $39.49 and a 1 year high of $42.55. The stock has a fifty day moving average price of $41.58 and a 200-day moving average price of $41.35.

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

The firm also recently announced a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, July 22nd. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.22.

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.