Assetmark Inc. Has $3.09 Million Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Assetmark Inc. raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 70.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 73,687 shares of the company’s stock after acquiring an additional 30,477 shares during the period. Assetmark Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $3,092,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HYLS. International Assets Investment Management LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 57,296.0% in the third quarter. International Assets Investment Management LLC now owns 6,800,284 shares of the company’s stock valued at $285,340,000 after acquiring an additional 6,788,436 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 227.6% in the first quarter. Cetera Investment Advisers now owns 214,933 shares of the company’s stock valued at $8,862,000 after purchasing an additional 149,331 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.5% in the second quarter. LPL Financial LLC now owns 2,513,109 shares of the company’s stock valued at $102,108,000 after purchasing an additional 131,309 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 63.5% in the second quarter. Concurrent Investment Advisors LLC now owns 199,909 shares of the company’s stock valued at $8,122,000 after purchasing an additional 77,632 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at approximately $3,155,000.

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

HYLS stock opened at $41.74 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $39.43 and a twelve month high of $42.55. The stock’s 50 day moving average is $41.83 and its 200-day moving average is $41.23.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.2075 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $2.49 dividend on an annualized basis and a yield of 5.97%.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.