First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Stock Position Cut by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC trimmed its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 23.9% during the third quarter, Holdings Channel reports. The institutional investor owned 7,551 shares of the company’s stock after selling 2,375 shares during the period. Garden State Investment Advisory Services LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HYLS. Activest Wealth Management bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at about $27,000. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth $42,000. BNP Paribas Financial Markets grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock worth $97,000 after acquiring an additional 2,298 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter valued at $98,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 32.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 2,997 shares of the company’s stock worth $126,000 after purchasing an additional 734 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1 %

Shares of HYLS opened at $41.67 on Friday. The firm’s 50 day moving average price is $41.74 and its 200 day moving average price is $41.41. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.12 and a twelve month high of $42.55.

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

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.21.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF 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.