Thurston Springer Miller Herd & Titak Inc. Acquires Shares of 1,268 First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,268 shares of the company’s stock, valued at approximately $52,000.

A number of other institutional investors have also recently made changes to their positions in HYLS. Diversified LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at about $257,000. Imprint Wealth LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.9% in the fourth quarter. Imprint Wealth LLC now owns 10,930 shares of the company’s stock valued at $454,000 after purchasing an additional 1,073 shares during the period. KMG Fiduciary Partners LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% during the 1st quarter. KMG Fiduciary Partners LLC now owns 261,451 shares of the company’s stock valued at $10,780,000 after buying an additional 33,048 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 32.9% in the 4th quarter. D.A. Davidson & CO. now owns 35,373 shares of the company’s stock worth $1,470,000 after buying an additional 8,765 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 46.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 94,172 shares of the company’s stock valued at $3,915,000 after buying an additional 29,992 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.3 %

Shares of NASDAQ:HYLS traded up $0.13 during trading on Wednesday, hitting $41.09. 35,225 shares of the company were exchanged, compared to its average volume of 176,362. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $37.78 and a 52-week high of $41.79. The stock has a 50 day moving average of $40.85 and a 200 day moving average of $40.89.

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

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd were paid a $0.218 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $2.62 annualized dividend and a yield of 6.37%. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

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.