First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Hits New 12-Month High – Here’s Why

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $42.55 and last traded at $41.57, with a volume of 20397 shares traded. The stock had previously closed at $41.58.

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

The stock’s 50-day moving average price is $41.81 and its two-hundred day moving average price is $41.19.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.2075 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $2.49 annualized dividend and a dividend yield of 5.94%.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several large investors have recently modified their holdings of HYLS. OneDigital Investment Advisors LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 32,275 shares of the company’s stock valued at $1,354,000 after purchasing an additional 513 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.1% during the third quarter. Oppenheimer & Co. Inc. now owns 56,656 shares of the company’s stock valued at $2,377,000 after buying an additional 3,265 shares during the last quarter. Proactive Wealth Strategies LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at approximately $266,000. Harbour Investments Inc. raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.8% in the 3rd quarter. Harbour Investments Inc. now owns 60,288 shares of the company’s stock worth $2,530,000 after acquiring an additional 3,296 shares during the last quarter. Finally, Core Wealth Partners LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter valued at approximately $423,000.

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.