QP Wealth Management LLC Acquires New Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

QP Wealth Management LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 30,028 shares of the company’s stock, valued at approximately $1,257,000. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF makes up approximately 1.1% of QP Wealth Management LLC’s portfolio, making the stock its 24th largest position.

Other institutional investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the third quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock valued at $27,000 after buying an additional 458 shares in the last quarter. Allworth Financial LP acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth about $29,000. JPMorgan Chase & Co. increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $58,000 after acquiring an additional 841 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 87.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,005 shares of the company’s stock worth $84,000 after acquiring an additional 937 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 18.5% during the 3rd quarter. Global Retirement Partners LLC now owns 2,311 shares of the company’s stock worth $97,000 after acquiring an additional 360 shares in the last quarter.

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

HYLS stock opened at $40.60 on Friday. The business has a 50 day moving average price of $41.38 and a 200 day moving average price of $41.73. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $39.49 and a fifty-two week high of $42.40.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.23 per share. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Friday, February 20th.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF 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.