Darwin Wealth Management LLC Has $3.45 Million Stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Darwin Wealth Management LLC decreased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 6.3% in the 2nd quarter, Holdings Channel reports. The fund owned 84,817 shares of the company’s stock after selling 5,724 shares during the period. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF accounts for 1.7% of Darwin Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Darwin Wealth Management LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $3,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. DHJJ Financial Advisors Ltd. raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% during the first quarter. DHJJ Financial Advisors Ltd. now owns 4,817 shares of the company’s stock worth $199,000 after acquiring an additional 319 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% in the second quarter. Walkner Condon Financial Advisors LLC now owns 18,753 shares of the company’s stock valued at $762,000 after buying an additional 343 shares during the period. Moloney Securities Asset Management LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.3% in the first quarter. Moloney Securities Asset Management LLC now owns 17,386 shares of the company’s stock valued at $717,000 after buying an additional 392 shares during the period. Blackhawk Capital Partners LLC. increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.8% in the second quarter. Blackhawk Capital Partners LLC. now owns 57,937 shares of the company’s stock valued at $2,354,000 after buying an additional 441 shares during the period. Finally, MBE Wealth Management LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.7% in the second quarter. MBE Wealth Management LLC now owns 12,651 shares of the company’s stock valued at $514,000 after buying an additional 454 shares during the period.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.89 on Friday. The business has a 50 day moving average of $41.25 and a 200-day moving average of $40.96. 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 $41.94.

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 Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.2125 dividend. This represents a $2.55 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend was Wednesday, August 21st.

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