First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw an uptick in trading volume on Wednesday. 687,563 shares traded hands during trading, an increase of 181% from the previous session’s volume of 244,941 shares. The stock last traded at $39.39 and had previously closed at $39.51.

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

The company’s fifty day simple moving average is $40.27 and its 200-day simple moving average is $40.62.

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

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.22 per share. This is a decrease 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 annualized dividend and a yield of 6.7%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock valued at $164,841,000 after acquiring an additional 335,843 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter worth approximately $593,000. Darwin Wealth Management LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 42.8% during the first quarter. Darwin Wealth Management LLC now owns 88,982 shares of the company’s stock worth $3,610,000 after buying an additional 26,681 shares during the period. NewEdge Advisors LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.7% in the 1st quarter. NewEdge Advisors LLC now owns 161,442 shares of the company’s stock valued at $6,550,000 after purchasing an additional 19,512 shares during the last quarter. Finally, Western Wealth Management LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 377.5% during the first quarter. Western Wealth Management LLC now owns 54,371 shares of the company’s stock worth $2,206,000 after acquiring an additional 42,984 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.