First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sets New 52-Week High at $41.94

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $41.94 and last traded at $41.94, with a volume of 22943 shares changing hands. The stock had previously closed at $41.89.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.2 %

The stock’s fifty day moving average is $41.25 and its 200 day moving average is $40.96.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a $0.2125 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.55 annualized dividend and a yield of 6.08%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HYLS. International Assets Investment Management LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth about $532,000. Principal Securities Inc. purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at about $75,000. Envestnet Portfolio Solutions Inc. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 67,298 shares of the company’s stock valued at $2,798,000 after purchasing an additional 1,322 shares during the last quarter. Financial Advocates Investment Management grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 21.7% during the 4th quarter. Financial Advocates Investment Management now owns 13,248 shares of the company’s stock valued at $551,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Level Four Advisory Services LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 15.5% during the 4th quarter. Level Four Advisory Services LLC now owns 6,505 shares of the company’s stock valued at $270,000 after purchasing an additional 874 shares during the last quarter.

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.