Moors & Cabot Inc. Buys 1,197 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Moors & Cabot Inc. raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 14.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,322 shares of the company’s stock after acquiring an additional 1,197 shares during the period. Moors & Cabot Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HYLS. Register Financial Advisors LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter valued at approximately $52,000. Principal Securities Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at approximately $75,000. Hilltop National Bank purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth approximately $77,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth approximately $98,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.3 %

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $42.23 on Friday. The stock’s fifty day moving average is $41.38 and its two-hundred day moving average is $41.00. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $37.78 and a 52 week high of $42.24.

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 Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.2125 dividend. This represents a $2.55 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend was Wednesday, August 21st.

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.