Raymond James Financial Inc. Invests $14.99 Million in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Raymond James Financial Inc. purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 362,616 shares of the company’s stock, valued at approximately $14,987,000. Raymond James Financial Inc. owned 0.91% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at $298,000. SBI Securities Co. Ltd. acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at $38,000. Activest Wealth Management acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at $27,000. Proficio Capital Partners LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at $598,000. Finally, Atria Investments Inc lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 85.3% during the 3rd quarter. Atria Investments Inc now owns 11,718 shares of the company’s stock valued at $492,000 after acquiring an additional 5,395 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.1 %

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.17 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.12 and a 12-month high of $42.55. The firm’s fifty day moving average is $41.52 and its 200 day moving average is $41.66.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.215 per share. The ex-dividend date was Friday, February 21st. This represents a $2.58 annualized dividend and a yield of 6.27%.

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.