Oppenheimer & Co. Inc. Purchases 5,447 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Oppenheimer & Co. Inc. grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,391 shares of the company’s stock after acquiring an additional 5,447 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.15% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF worth $2,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HYLS. LPL Financial LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.5% during the second quarter. LPL Financial LLC now owns 2,513,109 shares of the company’s stock valued at $102,108,000 after buying an additional 131,309 shares during the last quarter. UBS Group AG lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.2% in the fourth quarter. UBS Group AG now owns 1,128,891 shares of the company’s stock valued at $46,928,000 after purchasing an additional 94,725 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 431,816 shares of the company’s stock valued at $17,545,000 after buying an additional 18,714 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.0% during the first quarter. Kingsview Wealth Management LLC now owns 325,969 shares of the company’s stock worth $13,440,000 after buying an additional 18,531 shares in the last quarter. Finally, KMG Fiduciary Partners LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% in the 1st quarter. KMG Fiduciary Partners LLC now owns 261,451 shares of the company’s stock valued at $10,780,000 after buying an additional 33,048 shares during the last quarter.

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

NASDAQ HYLS opened at $42.05 on Tuesday. The company has a fifty day moving average price of $41.27 and a 200-day moving average price of $40.97. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $37.78 and a 1 year high of $42.05.

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

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a $0.2125 dividend. This represents a $2.55 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend was Wednesday, August 21st.

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.