First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS Shares Sold by Park National Corp OH

Park National Corp OH reduced its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 29.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,754 shares of the company’s stock after selling 72,332 shares during the quarter. Park National Corp OH’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $6,668,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC raised 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 buying an additional 516 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at about $33,000. Sound Income Strategies LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 49.5% in the first quarter. Sound Income Strategies LLC now owns 1,818 shares of the company’s stock worth $74,000 after purchasing an additional 602 shares in the last quarter. Parallel Advisors LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,010.0% in the first quarter. Parallel Advisors LLC now owns 2,775 shares of the company’s stock worth $113,000 after purchasing an additional 2,525 shares in the last quarter. Finally, Compass Financial Management LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth about $128,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.2%

Shares of HYLS stock traded down $0.06 during trading hours on Monday, hitting $39.30. The company had a trading volume of 57,105 shares, compared to its average volume of 243,017. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $39.01 and a 12 month high of $42.40. The firm’s fifty day moving average is $40.36 and its 200 day moving average is $40.66.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was 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 dividend on an annualized basis and a dividend yield of 6.7%.

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.