Bank of Montreal Can Buys 9,443 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Bank of Montreal Can boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 386.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,888 shares of the company’s stock after purchasing an additional 9,443 shares during the quarter. Bank of Montreal Can’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock worth $27,000 after buying an additional 524 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth $38,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at $42,000. 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% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,253 shares of the company’s stock worth $52,000 after purchasing an additional 605 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth $71,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.4 %

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $40.67 on Tuesday. 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. The stock has a 50-day moving average of $41.11 and a two-hundred day moving average of $41.45.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.215 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend was Thursday, March 27th.

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.