Moors & Cabot Inc. Has $524,000 Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Moors & Cabot Inc. increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 22.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,678 shares of the company’s stock after purchasing an additional 2,350 shares during the quarter. Moors & Cabot Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% during the 3rd quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock worth $133,484,000 after buying an additional 668,100 shares during the period. Raymond James Financial Inc. bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth about $14,987,000. Independent Advisor Alliance acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth about $13,428,000. Private Advisor Group LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% in the 4th quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock valued at $14,921,000 after purchasing an additional 184,622 shares during the period. Finally, Ocean Park Asset Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at about $2,538,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.4 %

Shares of HYLS opened at $41.14 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.12 and a 12 month high of $42.55. The firm’s 50 day moving average is $41.54 and its 200-day moving average is $41.67.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.215 per share. The ex-dividend date was Friday, February 21st. This represents a $2.58 dividend on an annualized basis and a yield of 6.27%.

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.