Envestnet Portfolio Solutions Inc. Decreases Stock Holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Envestnet Portfolio Solutions Inc. lowered its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) by 31.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 67,819 shares of the company’s stock after selling 31,637 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF were worth $2,803,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% in the third quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock valued at $133,484,000 after acquiring an additional 668,100 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at $14,987,000. Independent Advisor Alliance purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at $13,428,000. Private Advisor Group LLC boosted its stake 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 worth $14,921,000 after purchasing an additional 184,622 shares during the period. Finally, Ocean Park Asset Management LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth $2,538,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.4 %

HYLS opened at $41.35 on Thursday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $40.12 and a 52 week high of $42.55. The business has a 50 day moving average price of $41.52 and a two-hundred day moving average price of $41.66.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.215 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.58 dividend on an annualized basis and a yield of 6.24%.

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.