Assetmark Inc. Grows Stock Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Assetmark Inc. increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 32.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,803 shares of the company’s stock after purchasing an additional 13,748 shares during the period. Assetmark Inc. owned approximately 0.14% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $2,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% during the fourth quarter. Royal Bank of Canada now owns 815,924 shares of the company’s stock valued at $33,722,000 after purchasing an additional 103,535 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of 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 valued at $31,468,000 after purchasing an additional 340,538 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at approximately $14,987,000. Jane Street Group LLC grew its position 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 valued at $14,384,000 after buying an additional 340,910 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 24.4% during the first quarter. Envestnet Asset Management Inc. now owns 326,669 shares of the company’s stock valued at $13,406,000 after buying an additional 64,050 shares during the period.

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

Shares of NASDAQ HYLS opened at $41.64 on Thursday. The firm has a 50 day moving average of $41.59 and a 200 day moving average of $41.36. 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 firm also recently announced a dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.23 per share. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.22. The ex-dividend date is Tuesday, July 22nd.

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.