First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Stock Holdings Lifted by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 11.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 400,080 shares of the company’s stock after buying an additional 40,127 shares during the period. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF makes up about 1.2% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 16th largest holding. KMG Fiduciary Partners LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $16,747,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. First Trust Advisors LP raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.4% during the third quarter. First Trust Advisors LP now owns 2,788,748 shares of the company’s stock worth $117,267,000 after acquiring an additional 64,474 shares during the period. Jane Street Group LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at approximately $17,915,000. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.7% during the third quarter. Envestnet Asset Management Inc. now owns 376,237 shares of the company’s stock valued at $15,821,000 after purchasing an additional 48,285 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.5% during the third quarter. Vestmark Advisory Solutions Inc. now owns 325,917 shares of the company’s stock valued at $13,705,000 after purchasing an additional 196,839 shares during the last quarter. Finally, Park National Corp OH raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.1% during the 4th quarter. Park National Corp OH now owns 296,442 shares of the company’s stock worth $12,409,000 after purchasing an additional 6,015 shares during the period.

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

Shares of NASDAQ HYLS opened at $40.34 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $39.49 and a 12-month high of $42.40. The stock’s 50 day simple moving average is $41.24 and its 200 day simple moving average is $41.67.

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

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a c) annualized dividend and a yield of 6.7%.

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