12,821 Shares in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Acquired by EdgeRock Capital LLC

EdgeRock Capital LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,821 shares of the company’s stock, valued at approximately $529,000. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF makes up approximately 0.4% of EdgeRock Capital LLC’s holdings, making the stock its 28th biggest position.

Several other hedge funds also recently bought and sold shares of the stock. Private Advisor Group LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 36.6% during the 4th quarter. Private Advisor Group LLC now owns 244,352 shares of the company’s stock worth $10,158,000 after purchasing an additional 65,446 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 17,202 shares of the company’s stock worth $715,000 after acquiring an additional 911 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 46,007 shares of the company’s stock valued at $1,913,000 after purchasing an additional 2,220 shares during the period. Silver Oak Securities Incorporated increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.0% during the fourth quarter. Silver Oak Securities Incorporated now owns 18,710 shares of the company’s stock worth $778,000 after purchasing an additional 890 shares during the last quarter. Finally, Kovack Advisors Inc. raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the fourth quarter. Kovack Advisors Inc. now owns 72,821 shares of the company’s stock worth $3,027,000 after purchasing an additional 1,350 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.1 %

Shares of NASDAQ HYLS traded up $0.04 during trading on Tuesday, hitting $40.85. 118,178 shares of the company traded hands, compared to its average volume of 186,642. The company has a 50-day moving average price of $40.89 and a 200-day moving average price of $40.71. 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 Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were paid a $0.2125 dividend. This represents a $2.55 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.