ShoreHaven Wealth Partners LLC Invests $595,000 in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

ShoreHaven Wealth Partners LLC purchased a new stake 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 13F filing with the Securities and Exchange Commission. The fund purchased 14,403 shares of the company’s stock, valued at approximately $595,000.

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

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

NASDAQ:HYLS opened at $41.71 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $40.12 and a one year high of $42.55. The company’s 50-day simple moving average is $41.57 and its 200 day simple moving average is $41.62.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.215 per share. This represents a $2.58 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date was Wednesday, January 22nd. This is a positive change 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 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.