Wells Fargo & Company MN lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 17.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,118,204 shares of the company’s stock after acquiring an additional 167,537 shares during the period. Wells Fargo & Company MN’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $53,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quad Cities Investment Group LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.6% in the 3rd quarter. Quad Cities Investment Group LLC now owns 15,991 shares of the company’s stock valued at $761,000 after acquiring an additional 1,398 shares during the period. Cranbrook Wealth Management LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.5% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 29,551 shares of the company’s stock valued at $1,392,000 after acquiring an additional 1,803 shares during the period. Financial Gravity Wealth Inc. acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter valued at $121,000. Usca Ria LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.0% in the 2nd quarter. Usca Ria LLC now owns 52,615 shares of the company’s stock valued at $2,478,000 after acquiring an additional 3,431 shares during the period. Finally, Miracle Mile Advisors LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.5% in the 2nd quarter. Miracle Mile Advisors LLC now owns 150,492 shares of the company’s stock valued at $7,087,000 after acquiring an additional 3,700 shares during the period.

NASDAQ HYLS opened at $46.61 on Tuesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $46.55 and a 1 year high of $49.08.

The company also recently announced a monthly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 24th were given a $0.215 dividend. This represents a $2.58 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Tuesday, October 23rd.

WARNING: This story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2018/11/20/wells-fargo-company-mn-grows-position-in-first-trust-exchange-traded-fund-iv-first-trust-tactical-high-yield-etf-hyls.html.

Further Reading: Investing strategies using the yield curve

Want to see what other hedge funds are holding HYLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS).

Institutional Ownership by Quarter for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Receive News & Ratings for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF and related companies with MarketBeat.com's FREE daily email newsletter.