First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,821 shares of the company’s stock after purchasing an additional 1,350 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $3,027,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. TAP Consulting LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at approximately $1,968,000. Diversified LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at approximately $257,000. J.W. Cole Advisors Inc. lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 39,801 shares of the company’s stock valued at $1,655,000 after acquiring an additional 4,777 shares during the last quarter. Imprint Wealth LLC lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.9% in the fourth quarter. Imprint Wealth LLC now owns 10,930 shares of the company’s stock valued at $454,000 after acquiring an additional 1,073 shares during the last quarter. Finally, Aurora Private Wealth Inc. purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at approximately $298,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.3 %

NASDAQ HYLS traded up $0.12 on Friday, reaching $40.35. The stock had a trading volume of 188,148 shares, compared to its average volume of 186,310. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $37.78 and a 12-month high of $41.79. The stock has a fifty day moving average price of $40.96 and a two-hundred day moving average price of $40.58.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be given a $0.2125 dividend. This represents a $2.55 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date is Tuesday, April 23rd.

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.