Legacy Capital Wealth Partners LLC Sells 2,659 Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Legacy Capital Wealth Partners LLC trimmed its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,250 shares of the company’s stock after selling 2,659 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $1,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kovack Advisors Inc. grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the 4th quarter. Kovack Advisors Inc. now owns 72,821 shares of the company’s stock worth $3,027,000 after buying an additional 1,350 shares during the period. TAP Consulting LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth approximately $1,968,000. Diversified LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth approximately $257,000. J.W. Cole Advisors Inc. boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 39,801 shares of the company’s stock worth $1,655,000 after acquiring an additional 4,777 shares during the last quarter. Finally, Imprint Wealth LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.9% during the 4th quarter. Imprint Wealth LLC now owns 10,930 shares of the company’s stock worth $454,000 after acquiring an additional 1,073 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.3 %

NASDAQ:HYLS traded up $0.12 during trading hours on Friday, reaching $40.35. 188,149 shares of the stock were exchanged, compared to its average volume of 186,310. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $37.78 and a twelve month high of $41.79. The firm has a 50 day moving average of $40.95 and a 200 day moving average of $40.60.

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. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.2125 per share. This represents a $2.55 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date is Tuesday, April 23rd.

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.