First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Reaches New 12-Month High – Here’s What Happened

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $42.40 and last traded at $40.92, with a volume of 23878 shares. The stock had previously closed at $40.96.

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

The stock’s 50-day simple moving average is $40.91 and its 200 day simple moving average is $41.26.

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

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.23 dividend. The ex-dividend date was Thursday, May 21st.

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 added to or reduced their stakes in HYLS. Morgan Stanley boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% during the fourth quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock worth $271,088,000 after buying an additional 488,701 shares during the period. LPL Financial LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the 4th 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. First Trust Advisors LP increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.4% during the fourth quarter. First Trust Advisors LP now owns 2,799,443 shares of the company’s stock worth $117,185,000 after purchasing an additional 10,695 shares during the period. UBS Group AG lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.7% during the fourth quarter. UBS Group AG now owns 1,088,239 shares of the company’s stock worth $45,554,000 after purchasing an additional 49,286 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% in the first quarter. Royal Bank of Canada now owns 751,041 shares of the company’s stock valued at $30,470,000 after purchasing an additional 39,905 shares during the period.

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.