First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shares Sold by AE Wealth Management LLC

Posted by Defense World Staff on Apr 19th, 2023

AE Wealth Management LLC lowered its position in First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Rating) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,726 shares of the company’s stock after selling 11,395 shares during the period. AE Wealth Management LLC owned approximately 0.22% of First Trust Tactical High Yield ETF worth $3,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wedbush Securities Inc. grew its holdings in shares of First Trust Tactical High Yield ETF by 158.6% in the 4th quarter. Wedbush Securities Inc. now owns 82,878 shares of the company’s stock worth $3,227,000 after acquiring an additional 50,831 shares during the period. Castle Rock Wealth Management LLC purchased a new stake in First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $940,000. Geneos Wealth Management Inc. lifted its stake in First Trust Tactical High Yield ETF by 4.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 15,767 shares of the company’s stock valued at $614,000 after buying an additional 650 shares in the last quarter. Moloney Securities Asset Management LLC lifted its stake in First Trust Tactical High Yield ETF by 7.4% in the 4th quarter. Moloney Securities Asset Management LLC now owns 10,309 shares of the company’s stock valued at $401,000 after buying an additional 706 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $335,000.

First Trust Tactical High Yield ETF Stock Up 0.6 %

HYLS stock opened at $40.03 on Wednesday. First Trust Tactical High Yield ETF has a 1 year low of $38.07 and a 1 year high of $44.98. The stock’s 50 day moving average price is $39.58 and its 200 day moving average price is $39.60.

First Trust Tactical High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were paid a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Friday, March 24th.

About First Trust Tactical High Yield ETF

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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.