First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $39.77 and traded as low as $39.65. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF shares last traded at $39.72, with a volume of 179,595 shares changing hands.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.3%

The company’s fifty day moving average is $39.77 and its two-hundred day moving average is $40.61.

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

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.64 annualized dividend and a yield of 6.6%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ROI Financial Advisors LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.8% in the 1st quarter. ROI Financial Advisors LLC now owns 5,459 shares of the company’s stock valued at $221,000 after buying an additional 299 shares during the last quarter. Brookstone Capital Management boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.7% in the 3rd quarter. Brookstone Capital Management now owns 7,375 shares of the company’s stock worth $290,000 after buying an additional 332 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.2% in the third quarter. International Assets Investment Management LLC now owns 9,543 shares of the company’s stock valued at $376,000 after purchasing an additional 470 shares during the last quarter. Tucker Asset Management LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% during the second quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock worth $26,000 after buying an additional 516 shares in the last quarter. Finally, IMG Wealth Management Inc. lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 12.3% in the 1st quarter. IMG Wealth Management Inc. now owns 5,147 shares of the company’s stock valued at $209,000 after purchasing an additional 565 shares in the last quarter.

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.