SRS Capital Advisors Inc. Invests $494,000 in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

SRS Capital Advisors Inc. bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,960 shares of the company’s stock, valued at approximately $494,000.

Several other large investors have also recently bought and sold shares of HYLS. Stephens Inc. AR increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 660.5% in the third quarter. Stephens Inc. AR now owns 70,355 shares of the company’s stock valued at $2,952,000 after buying an additional 61,104 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.0% in the third quarter. Moloney Securities Asset Management LLC now owns 19,352 shares of the company’s stock valued at $812,000 after buying an additional 739 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.1% in the third quarter. Concurrent Investment Advisors LLC now owns 208,021 shares of the company’s stock valued at $8,729,000 after buying an additional 8,112 shares during the last quarter. TFB Advisors LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at $220,000. Finally, Assetmark Inc. increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 70.5% in the third quarter. Assetmark Inc. now owns 73,687 shares of the company’s stock valued at $3,092,000 after buying an additional 30,477 shares during the last quarter.

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

NASDAQ:HYLS opened at $41.58 on Tuesday. The business’s fifty day moving average price is $41.55 and its 200 day moving average price is $41.68. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.12 and a 12 month high of $42.55.

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

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.215 dividend. This represents a $2.58 annualized dividend and a yield of 6.20%. The ex-dividend date was Friday, February 21st.

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.