First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sets New 1-Year High – Still a Buy?

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) hit a new 52-week high during trading on Wednesday . The company traded as high as $42.55 and last traded at $41.57, with a volume of 20397 shares trading hands. The stock had previously closed at $41.58.

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

The firm’s 50 day simple moving average is $41.81 and its 200 day simple moving average is $41.19.

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

The business also recently announced 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. This represents a $2.49 annualized dividend and a yield of 5.94%. The ex-dividend date was Tuesday, October 22nd.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Large investors have recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 32,275 shares of the company’s stock valued at $1,354,000 after purchasing an additional 513 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 56,656 shares of the company’s stock valued at $2,377,000 after purchasing an additional 3,265 shares in the last quarter. Proactive Wealth Strategies LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at about $266,000. Harbour Investments Inc. raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.8% in the third quarter. Harbour Investments Inc. now owns 60,288 shares of the company’s stock worth $2,530,000 after buying an additional 3,296 shares in the last quarter. Finally, Core Wealth Partners LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth about $423,000.

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.