Western Wealth Management LLC Raises Stock Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Western Wealth Management LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,387 shares of the company’s stock after acquiring an additional 753 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $463,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth about $52,000. Principal Securities Inc. acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth about $75,000. Hilltop National Bank acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth about $77,000. Finally, DHJJ Financial Advisors Ltd. boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% in the first quarter. DHJJ Financial Advisors Ltd. now owns 4,817 shares of the company’s stock valued at $199,000 after purchasing an additional 319 shares in the last quarter.

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

Shares of HYLS opened at $41.53 on Tuesday. The stock has a 50 day moving average price of $40.96 and a 200 day moving average price of $40.90. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $37.78 and a 52-week high of $41.79.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd were paid a $0.218 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $2.62 dividend on an annualized basis and a yield of 6.30%. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

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.