First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shares Sold by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC reduced its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 23.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,551 shares of the company’s stock after selling 2,375 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $317,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HYLS. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth about $812,000. Activest Wealth Management acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at $27,000. Raymond James & Associates boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.4% during the 2nd quarter. Raymond James & Associates now owns 219,131 shares of the company’s stock valued at $8,903,000 after acquiring an additional 5,234 shares during the last quarter. Atria Investments Inc boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 85.3% during the 3rd quarter. Atria Investments Inc now owns 11,718 shares of the company’s stock valued at $492,000 after acquiring an additional 5,395 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 431,816 shares of the company’s stock worth $17,545,000 after acquiring an additional 18,714 shares in the last quarter.

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

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.67 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.12 and a 1 year high of $42.55. The firm’s 50-day simple moving average is $41.74 and its 200-day simple moving average is $41.41.

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

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, December 13th. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.21.

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.