First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF to Issue Dividend of $0.23 (NASDAQ:HYLS)

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) announced a dividend on Monday, July 20th, NASDAQ Dividends reports. Stockholders of record on Tuesday, July 21st will be given a dividend of 0.23 per share on Friday, July 31st. The ex-dividend date is Tuesday, July 21st.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.7%

Shares of HYLS traded down $0.30 during mid-day trading on Tuesday, reaching $40.61. The company had a trading volume of 200,768 shares, compared to its average volume of 268,737. The company’s 50 day simple moving average is $40.81 and its 200 day simple moving average is $41.09. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $40.01 and a 1-year high of $42.40.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.3% during the first quarter. Focus Partners Wealth now owns 36,325 shares of the company’s stock worth $1,491,000 after buying an additional 818 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $58,000 after acquiring an additional 841 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,055.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,576 shares of the company’s stock valued at $108,000 after acquiring an additional 2,540 shares in the last quarter. Baird Financial Group Inc. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 15.5% during the 2nd quarter. Baird Financial Group Inc. now owns 23,764 shares of the company’s stock worth $994,000 after acquiring an additional 3,193 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 87.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,005 shares of the company’s stock worth $84,000 after acquiring an additional 937 shares during the last quarter.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.