N.E.W. Advisory Services LLC Takes Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

N.E.W. Advisory Services LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,299 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HYLS. LPL Financial LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 21.6% in the first 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 period. Raymond James Financial Inc. acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth approximately $14,987,000. Jane Street Group LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4,796.8% during the fourth quarter. Jane Street Group LLC now owns 348,017 shares of the company’s stock worth $14,384,000 after purchasing an additional 340,910 shares during the period. Bank of America Corp DE grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.9% during the fourth quarter. Bank of America Corp DE now owns 761,374 shares of the company’s stock worth $31,468,000 after purchasing an additional 340,538 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 127.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 205,468 shares of the company’s stock worth $8,432,000 after purchasing an additional 115,243 shares during the period.

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

NASDAQ HYLS opened at $41.70 on Wednesday. The business has a 50 day simple moving average of $41.58 and a 200 day simple moving average of $41.35. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.49 and a one year high of $42.55.

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. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous 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.