Cwm LLC Has $2.35 Million Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Cwm LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 83.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,872 shares of the company’s stock after acquiring an additional 25,361 shares during the quarter. Cwm LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $2,349,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth about $17,915,000. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 161.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 141,368 shares of the company’s stock valued at $5,911,000 after purchasing an additional 87,299 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 100.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 129,078 shares of the company’s stock worth $5,397,000 after buying an additional 64,777 shares during the period. Darwin Wealth Management LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at approximately $2,638,000. Finally, Rockport Wealth LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at approximately $2,191,000.

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

Shares of NASDAQ:HYLS opened at $41.86 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $39.49 and a 12 month high of $42.40. The company’s fifty day simple moving average is $41.79 and its 200 day simple moving average is $41.86.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.2225 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 6.4%. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.