First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sets New 1-Year Low – Time to Sell?

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $40.00 and last traded at $39.9850, with a volume of 96287 shares changing hands. The stock had previously closed at $40.25.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.8%

The firm’s 50-day moving average is $40.51 and its 200 day moving average is $40.72.

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 Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 24th. This is a drop from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.2250. This represents a $2.64 annualized dividend and a yield of 6.7%.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently bought and sold shares of the company. World Investment Advisors raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.3% in the 1st quarter. World Investment Advisors now owns 7,838 shares of the company’s stock worth $318,000 after purchasing an additional 252 shares during the period. Wagner Wealth Management LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% in the first quarter. Wagner Wealth Management LLC now owns 16,406 shares of the company’s stock worth $666,000 after buying an additional 257 shares during the period. ROI Financial Advisors LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.8% in the first quarter. ROI Financial Advisors LLC now owns 5,459 shares of the company’s stock worth $221,000 after buying an additional 299 shares during the period. Tucker Asset Management LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% in the 2nd quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after acquiring an additional 516 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% during the 4th 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.

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.