First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Volume Increase – Should You Buy?

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw an uptick in trading volume on Tuesday . 506,095 shares were traded during mid-day trading, an increase of 57% from the previous session’s volume of 321,718 shares.The stock last traded at $40.65 and had previously closed at $40.81.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.4%

The stock’s fifty day moving average is $41.09 and its 200-day moving average is $41.60.

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

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.225 dividend. The ex-dividend date was Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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

A number of large investors have recently bought and sold shares of HYLS. Morgan Stanley boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% in the fourth quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock worth $271,088,000 after purchasing an additional 488,701 shares in the last quarter. Jane Street Group LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth $17,915,000. LPL Financial LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after purchasing an additional 335,843 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,409.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 333,424 shares of the company’s stock worth $13,957,000 after purchasing an additional 328,984 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at about $10,000,000.

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.