LVZ Inc. Cuts Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

LVZ Inc. lessened its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 5.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,546 shares of the company’s stock after selling 1,801 shares during the quarter. LVZ Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $1,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Private Advisory Group LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.8% in the second quarter. Private Advisory Group LLC now owns 63,315 shares of the company’s stock valued at $2,572,000 after purchasing an additional 4,589 shares during the period. MBE Wealth Management LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.7% in the 2nd quarter. MBE Wealth Management LLC now owns 12,651 shares of the company’s stock valued at $514,000 after buying an additional 454 shares during the period. Western Wealth Management LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% during the second quarter. Western Wealth Management LLC now owns 11,387 shares of the company’s stock worth $463,000 after buying an additional 753 shares in the last quarter. Raymond James & Associates increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.4% during the second quarter. Raymond James & Associates now owns 219,131 shares of the company’s stock worth $8,903,000 after buying an additional 5,234 shares during the period. Finally, Brookstone Capital Management raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% in the second quarter. Brookstone Capital Management now owns 36,837 shares of the company’s stock valued at $1,517,000 after acquiring an additional 2,799 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.4 %

NASDAQ HYLS traded up $0.15 on Friday, hitting $41.51. 80,120 shares of the stock were exchanged, compared to its average volume of 172,867. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $37.78 and a fifty-two week high of $41.79. The company has a 50-day moving average price of $41.00 and a 200-day moving average price of $40.90.

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 Friday, August 30th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.2125 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.55 dividend on an annualized basis and a dividend yield of 6.14%.

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.