Axxcess Wealth Management LLC Invests $2.60 Million in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF $HYLS

Axxcess Wealth Management LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 62,144 shares of the company’s stock, valued at approximately $2,601,000.

Several other hedge funds also recently made changes to their positions in the business. Luken Investment Analytics LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.2% in the 4th quarter. Luken Investment Analytics LLC now owns 12,775 shares of the company’s stock worth $535,000 after purchasing an additional 272 shares during the last quarter. World Investment Advisors grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.8% in the 4th quarter. World Investment Advisors now owns 7,586 shares of the company’s stock worth $318,000 after purchasing an additional 278 shares during the last quarter. Kovack Advisors Inc. grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.0% in the 3rd 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 grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.9% in the 3rd quarter. Belpointe Asset Management LLC now owns 7,277 shares of the company’s stock worth $306,000 after purchasing an additional 337 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake 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 worth $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

Shares of HYLS opened at $40.72 on Monday. The firm’s 50 day moving average is $40.85 and its 200-day moving average is $41.37. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.01 and a 12-month high of $42.40.

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

The firm also recently disclosed a dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 21st.

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