BlueChip Wealth Advisors LLC Makes New $1.33 Million Investment in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

BlueChip Wealth Advisors LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 31,947 shares of the company’s stock, valued at approximately $1,328,000. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF makes up 0.9% of BlueChip Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest position. BlueChip Wealth Advisors LLC owned approximately 0.09% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Global Retirement Partners LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,940 shares of the company’s stock worth $80,000 after purchasing an additional 322 shares in the last quarter. RVW Wealth LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.9% in the fourth quarter. RVW Wealth LLC now owns 11,114 shares of the company’s stock valued at $462,000 after acquiring an additional 419 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.4% in the fourth quarter. CoreCap Advisors LLC now owns 31,717 shares of the company’s stock valued at $1,318,000 after acquiring an additional 450 shares in the last quarter. Concourse Financial Group Securities Inc. lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.3% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 12,271 shares of the company’s stock valued at $510,000 after acquiring an additional 619 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.1% in the fourth quarter. Private Trust Co. NA now owns 8,776 shares of the company’s stock valued at $365,000 after acquiring an additional 657 shares in the last quarter.

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

Shares of NASDAQ HYLS traded down $0.03 during midday trading on Monday, hitting $40.76. The stock had a trading volume of 162,922 shares, compared to its average volume of 173,404. The stock has a 50 day simple moving average of $40.59 and a 200-day simple moving average of $40.96. 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 Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd were given a $0.2175 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.61 annualized dividend and a dividend yield of 6.40%.

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.