Stratos Wealth Partners LTD. Reduces Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Stratos Wealth Partners LTD. cut its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 81.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,078 shares of the company’s stock after selling 85,573 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $844,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HYLS. Jane Street Group LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter valued at about $17,915,000. Ocean Park Asset Management LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 293.5% in the third quarter. Ocean Park Asset Management LLC now owns 241,600 shares of the company’s stock valued at $10,159,000 after acquiring an additional 180,200 shares during the period. Geneos Wealth Management Inc. grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 161.5% during the second quarter. Geneos Wealth Management Inc. now owns 141,368 shares of the company’s stock valued at $5,911,000 after acquiring an additional 87,299 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 100.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 129,078 shares of the company’s stock worth $5,397,000 after acquiring an additional 64,777 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth approximately $2,638,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

Shares of NASDAQ:HYLS opened at $41.46 on Tuesday. The firm has a fifty day moving average price of $41.75 and a two-hundred day moving average price of $41.87. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.49 and a one year high of $42.40.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were paid a dividend of $0.23 per share. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.