First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Hits New 52-Week High – Here’s What Happened

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $42.40 and last traded at $40.92, with a volume of 23878 shares traded. The stock had previously closed at $40.96.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.1%

The stock has a 50-day moving average of $40.92 and a 200 day moving average of $41.24.

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

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYLS. Aptus Capital Advisors LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% during the third quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock valued at $27,000 after purchasing an additional 458 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter worth $33,000. Sound Income Strategies LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock worth $51,000 after acquiring an additional 1,115 shares during the last quarter. Finally, IFP Advisors Inc lifted 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 valued at $56,000 after acquiring an additional 535 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company 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.