Acorn Wealth Advisors LLC Acquires Shares of 18,219 First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Acorn Wealth Advisors LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,219 shares of the company’s stock, valued at approximately $753,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sigma Planning Corp bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at approximately $216,000. Winebrenner Capital Management LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth approximately $1,171,000. Fairway Financial LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth $379,000. Private Advisor Group LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% during the 4th quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock valued at $14,921,000 after purchasing an additional 184,622 shares in the last quarter. Finally, Proactive Wealth Strategies LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 34.1% in the 4th quarter. Proactive Wealth Strategies LLC now owns 8,489 shares of the company’s stock worth $351,000 after buying an additional 2,159 shares during the period.

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

HYLS opened at $41.52 on Tuesday. The business’s fifty day simple moving average is $41.53 and its 200-day simple moving average is $41.67. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.12 and a 12-month high of $42.55.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.215 per share. This represents a $2.58 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Friday, February 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.