Gladstone Institutional Advisory LLC Lowers Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Gladstone Institutional Advisory LLC reduced its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 30.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,369 shares of the company’s stock after selling 10,430 shares during the period. Gladstone Institutional Advisory LLC owned 0.07% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $1,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HYLS. Private Advisor Group LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 178,906 shares of the company’s stock valued at $7,018,000 after purchasing an additional 6,197 shares during the period. NBC Securities Inc. bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at approximately $110,000. Atria Investments Inc bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at approximately $1,082,000. Kingsview Wealth Management LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 160.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 227,341 shares of the company’s stock valued at $8,919,000 after purchasing an additional 139,997 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 37.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,612 shares of the company’s stock valued at $1,240,000 after purchasing an additional 8,639 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.5 %

NASDAQ:HYLS opened at $40.58 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $37.78 and a 1 year high of $41.79. The stock’s 50 day simple moving average is $40.77 and its two-hundred day simple moving average is $40.86.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd will be paid a $0.2175 dividend. This represents a $2.61 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date is Tuesday, May 21st.

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.