Beacon Financial Group cut its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 0.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 296,287 shares of the company’s stock after selling 1,272 shares during the period. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF makes up approximately 2.3% of Beacon Financial Group’s investment portfolio, making the stock its 6th largest position. Beacon Financial Group’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $14,160,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HYLS. Deutsche Bank AG acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $35,000. We Are One Seven LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $78,000. Financial Advocates Investment Management boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 48.1% in the 4th quarter. Financial Advocates Investment Management now owns 9,216 shares of the company’s stock valued at $121,000 after purchasing an additional 2,994 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $174,000. Finally, Dfpg Investments Inc. acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter valued at approximately $214,000.

Shares of HYLS traded down $0.05 during mid-day trading on Thursday, reaching $48.26. The company had a trading volume of 1,600 shares, compared to its average volume of 196,543. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $44.43 and a 1-year high of $48.38.

The business also recently declared a monthly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 22nd were paid a $0.225 dividend. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a $2.70 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Thursday, March 21st.

WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2019/04/18/first-trust-exchange-traded-fund-iv-first-trust-tactical-high-yield-etf-hyls-shares-sold-by-beacon-financial-group.html.

Featured Story: Understanding Market Liquidity

Want to see what other hedge funds are holding HYLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS).

Institutional Ownership by Quarter for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Receive News & Ratings for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF and related companies with MarketBeat.com's FREE daily email newsletter.