Spire Wealth Management Has $1.39 Million Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Spire Wealth Management reduced its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,727 shares of the company’s stock after selling 4,080 shares during the quarter. Spire Wealth Management owned about 0.09% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $1,386,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Diversified LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at approximately $257,000. Accel Wealth Management grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.8% during the 4th quarter. Accel Wealth Management now owns 7,549 shares of the company’s stock worth $314,000 after acquiring an additional 976 shares during the last quarter. Imprint Wealth LLC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.9% in the 4th quarter. Imprint Wealth LLC now owns 10,930 shares of the company’s stock worth $454,000 after purchasing an additional 1,073 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 52.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 180,825 shares of the company’s stock valued at $7,094,000 after purchasing an additional 62,330 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% during the fourth quarter. Brookstone Capital Management now owns 32,445 shares of the company’s stock valued at $1,349,000 after purchasing an additional 1,326 shares in the last quarter.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $40.85 on Wednesday. The business has a 50 day moving average of $40.89 and a 200-day moving average of $40.71. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $37.78 and a 1 year high of $41.79.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.2125 per share. This represents a $2.55 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.