Financial Advocates Investment Management Decreases Holdings in First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Financial Advocates Investment Management reduced its stake in First Trust Tactical High Yield ETF (NASDAQ:HYLSGet Rating) by 26.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,428 shares of the company’s stock after selling 6,503 shares during the period. Financial Advocates Investment Management’s holdings in First Trust Tactical High Yield ETF were worth $721,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. CENTRAL TRUST Co purchased a new position in shares of First Trust Tactical High Yield ETF during the first quarter valued at approximately $27,000. Archer Investment Corp bought a new stake in First Trust Tactical High Yield ETF in the first quarter worth $31,000. Financial Connections Group Inc. purchased a new position in shares of First Trust Tactical High Yield ETF in the second quarter worth $32,000. Benjamin Edwards Inc. raised its stake in shares of First Trust Tactical High Yield ETF by 509.8% in the first quarter. Benjamin Edwards Inc. now owns 1,116 shares of the company’s stock worth $51,000 after purchasing an additional 933 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Tactical High Yield ETF by 128.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,446 shares of the company’s stock worth $66,000 after purchasing an additional 812 shares during the last quarter.

First Trust Tactical High Yield ETF Price Performance

NASDAQ:HYLS opened at $39.90 on Thursday. The stock has a 50-day simple moving average of $39.21 and a two-hundred day simple moving average of $40.35. First Trust Tactical High Yield ETF has a 52-week low of $38.07 and a 52-week high of $47.98.

First Trust Tactical High Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 23rd will be paid a dividend of $0.203 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $2.44 annualized dividend and a yield of 6.11%.

See Also

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Institutional Ownership by Quarter for First Trust Tactical High Yield ETF (NASDAQ:HYLS)

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