First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) to Issue $0.22 Monthly Dividend

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) announced a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.22 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, September 24th.

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

Shares of HYLS traded down $0.25 during mid-day trading on Thursday, hitting $39.72. 33,506 shares of the company traded hands, compared to its average volume of 241,217. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $39.68 and a 1-year high of $42.40. The business has a 50 day moving average of $40.53 and a 200 day moving average of $40.73.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% in the second quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after buying an additional 516 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at $33,000. IFP Advisors Inc increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% during the fourth quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock worth $56,000 after buying an additional 535 shares during the period. Sound Income Strategies LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 49.5% during the 1st quarter. Sound Income Strategies LLC now owns 1,818 shares of the company’s stock worth $74,000 after acquiring an additional 602 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,010.0% during the 1st quarter. Parallel Advisors LLC now owns 2,775 shares of the company’s stock worth $113,000 after acquiring an additional 2,525 shares in the last quarter.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.