Garden State Investment Advisory Services LLC Cuts Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Garden State Investment Advisory Services LLC lessened its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 6.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,926 shares of the company’s stock after selling 700 shares during the period. Garden State Investment Advisory Services LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $403,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HYLS. AE Wealth Management LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth approximately $602,000. Benjamin F. Edwards & Company Inc. grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 24.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 23,509 shares of the company’s stock valued at $955,000 after purchasing an additional 4,600 shares during the period. Moors & Cabot Inc. increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.7% in the second quarter. Moors & Cabot Inc. now owns 9,322 shares of the company’s stock worth $379,000 after buying an additional 1,197 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 31.1% in the second quarter. Renaissance Technologies LLC now owns 70,300 shares of the company’s stock valued at $2,856,000 after buying an additional 16,693 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 256,586 shares of the company’s stock valued at $10,425,000 after buying an additional 15,017 shares during the last quarter.

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

HYLS stock opened at $42.23 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $37.78 and a fifty-two week high of $42.27. The stock has a fifty day moving average of $41.40 and a 200-day moving average of $41.00.

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 paid a $0.2125 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.55 annualized dividend and a dividend yield of 6.04%.

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.