BAM Wealth Management LLC Takes Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

BAM Wealth Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 20,557 shares of the company’s stock, valued at approximately $861,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Walker Asset Management LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% in the third quarter. Walker Asset Management LLC now owns 18,947 shares of the company’s stock valued at $797,000 after acquiring an additional 300 shares during the last quarter. Kovack Advisors Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.0% during the third quarter. Kovack Advisors Inc. now owns 29,549 shares of the company’s stock worth $1,243,000 after purchasing an additional 302 shares during the last quarter. Belpointe Asset Management LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.9% during the third quarter. Belpointe Asset Management LLC now owns 7,277 shares of the company’s stock worth $306,000 after purchasing an additional 337 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 18.5% during the third quarter. Global Retirement Partners LLC now owns 2,311 shares of the company’s stock worth $97,000 after purchasing an additional 360 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 39,595 shares of the company’s stock valued at $1,655,000 after purchasing an additional 398 shares during the last quarter.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $40.74 on Monday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $39.49 and a fifty-two week high of $42.40. The stock has a 50-day simple moving average of $41.11 and a 200-day simple moving average of $41.61.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.225 dividend. The ex-dividend date was Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.