Silver Oak Securities Incorporated Sells 15,023 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Silver Oak Securities Incorporated cut its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 71.0% during the 1st quarter, HoldingsChannel reports. The fund owned 6,122 shares of the company’s stock after selling 15,023 shares during the quarter. Silver Oak Securities Incorporated’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Elevation Capital Advisory LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.7% during the 4th quarter. Elevation Capital Advisory LLC now owns 113,362 shares of the company’s stock valued at $4,745,000 after purchasing an additional 50,644 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $2,410,000. QP Wealth Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $1,257,000. BAM Wealth Management LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at about $861,000. Finally, Assetmark Inc. boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 24.9% during the fourth quarter. Assetmark Inc. now owns 97,765 shares of the company’s stock valued at $4,092,000 after buying an additional 19,468 shares during the period.

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

Shares of NASDAQ:HYLS opened at $40.61 on Monday. The stock’s 50-day moving average price is $40.89 and its 200-day moving average price is $41.20. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.01 and a 12-month high of $42.40.

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

The business also recently declared a dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, June 25th.

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.