TAP Consulting LLC Invests $1.97 Million in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

TAP Consulting LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 47,336 shares of the company’s stock, valued at approximately $1,968,000. TAP Consulting LLC owned about 0.13% of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth $22,133,000. Commonwealth Equity Services LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 142.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 364,215 shares of the company’s stock valued at $14,288,000 after buying an additional 214,209 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 160.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 227,341 shares of the company’s stock worth $8,919,000 after buying an additional 139,997 shares in the last quarter. One Capital Management LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.9% in the 3rd quarter. One Capital Management LLC now owns 1,355,148 shares of the company’s stock worth $53,162,000 after buying an additional 132,856 shares during the last quarter. Finally, Wright Fund Management LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at approximately $4,861,000.

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

Shares of HYLS traded down $0.14 on Thursday, reaching $40.23. 125,770 shares of the company’s stock traded hands, compared to its average volume of 186,288. The stock’s 50 day simple moving average is $40.98 and its two-hundred day simple moving average is $40.59. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $37.78 and a 52-week high of $41.79.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.2125 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $2.55 annualized dividend and a dividend yield of 6.34%.

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.