Iams Wealth Management LLC Sells 2,386 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Iams Wealth Management LLC trimmed its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 11.7% in the 4th quarter, HoldingsChannel reports. The firm owned 18,082 shares of the company’s stock after selling 2,386 shares during the quarter. Iams Wealth Management LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $747,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Activest Wealth Management bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at approximately $27,000. JPMorgan Chase & Co. lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% during the third quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock valued at $27,000 after buying an additional 524 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth about $42,000. BNP Paribas Financial Markets increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% during the third quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock valued at $97,000 after purchasing an additional 2,298 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 32.4% during the third quarter. Raleigh Capital Management Inc. now owns 2,997 shares of the company’s stock valued at $126,000 after purchasing an additional 734 shares during the last quarter.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.66 on Wednesday. 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. The stock’s 50 day moving average is $41.60 and its 200 day moving average is $41.58.

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

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.215 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $2.58 annualized dividend and a yield of 6.19%. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21.

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.