Family Capital Management Inc. Sells 24,644 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Family Capital Management Inc. cut its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 81.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,465 shares of the company’s stock after selling 24,644 shares during the period. Family Capital Management Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HYLS. Captrust Financial Advisors boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,052.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,510 shares of the company’s stock worth $59,000 after purchasing an additional 1,379 shares in the last quarter. Global Retirement Partners LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,940 shares of the company’s stock worth $80,000 after buying an additional 322 shares during the period. NBC Securities Inc. bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth approximately $110,000. Steward Partners Investment Advisory LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 62.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 3,312 shares of the company’s stock valued at $132,000 after acquiring an additional 1,270 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at approximately $139,000.

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

Shares of NASDAQ:HYLS traded down $0.01 during trading on Thursday, reaching $40.33. 285,509 shares of the stock were exchanged, compared to its average volume of 188,560. The stock has a fifty day moving average of $41.06 and a two-hundred day moving average of $40.52. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $37.78 and a 1-year high of $41.79.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date was Thursday, March 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.