Winebrenner Capital Management LLC Takes $1.17 Million Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)

Winebrenner Capital Management LLC purchased a new position in 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 Form 13F filing with the SEC. The firm purchased 28,323 shares of the company’s stock, valued at approximately $1,171,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth $27,000. JPMorgan Chase & Co. increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter valued at about $42,000. Kestra Investment Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at about $71,000. Finally, BNP Paribas Financial Markets boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock valued at $97,000 after purchasing an additional 2,298 shares during the period.

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

Shares of NASDAQ:HYLS opened at $41.45 on Friday. The firm’s 50 day moving average is $41.54 and its two-hundred day moving average is $41.65. 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.

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. Investors of record on Friday, February 21st will be given a $0.215 dividend. This represents a $2.58 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend 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.