Oppenheimer & Co. Inc., a leading investment firm, has reported that it has significantly reduced its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS). In the first quarter, the firm sold 130,970 shares, totaling a reduction of 89.9%. This move is according to the company’s most recent 13F filing with the Securities and Exchange Commission.
At present, Oppenheimer & Co. Inc. owns 14,792 shares of the First Trust Tactical High Yield ETF after selling a significant portion during the quarter. The total value of these holdings is estimated to be $588,000 as stated in their most recent filing with the Securities and Exchange Commission.
For investors interested in tracking other hedge funds’ positions in HYLS, HoldingsChannel.com offers regularly updated information on 13F filings and insider trades related to this particular exchange-traded fund.
In addition to this news, it has been revealed that First Trust Tactical High Yield ETF will distribute a monthly dividend on Thursday, August 31st. Shareholders who were recorded as investors by Wednesday, August 23rd will receive a dividend of $0.215 per share. It is worth noting that Tuesday, August 22nd was identified as the ex-dividend date for this particular dividend declaration.
Based on these figures and calculations, investors can anticipate an annualized dividend of $2.58 per share from First Trust Tactical High Yield ETF, which corresponds to an impressive yield of 6.51%.
These developments highlight key changes within Oppenheimer & Co. Inc.’s portfolio and offer valuable insights for shareholders considering their own investment strategies moving forward.
Please note that this article references data from August 29th, 2023 and may be subject to change based on subsequent information provided by Oppenheimer & Co. Inc., as well as any other relevant entities involved in this matter.
Growing Interest and Confidence in HYLS: Institutional Investors Make Significant Changes
The HYLS fund has recently gained attention from institutional investors who have made significant changes to their positions in the company. One such investor, Endurance Wealth Management Inc., acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter. This stake was valued at approximately $25,000, indicating their confidence in the fund’s potential.
Another notable institutional investor, Benjamin F. Edwards & Company Inc., saw a substantial increase in its holdings of HYLS during the first quarter. Their holdings of the company’s stock rose by an astounding 2,389.7%, equating to 932 additional shares. As a result, Benjamin F. Edwards & Company Inc.’s ownership of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF now stands at 971 shares with a value of $39,000.
GPS Wealth Strategies Group LLC also recognized the value of HYLS and purchased a new stake in the first quarter valued at approximately $49,000. This further underscores the growing interest among institutional investors in this particular exchange-traded fund.
Captrust Financial Advisors decided to increase its holdings in HYLS during the second quarter by an impressive 1,052.7%. This translates to an addition of 1,379 shares to their portfolio, bringing their total ownership of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF to 1,510 shares valued at $59,000.
Lastly, WealthShield Partners LLC joined the list of institutional investors acquiring HYLS during the first quarter with a new stake valued at around $63,000.
With all these investments and acquisitions from various institutional investors over recent quarters, it is clear that HYLS has garnered significant interest within the market. Despite fluctuations in its price between its twelve-month low of $38.07 and twelve-month high of $41.21, HYLS has managed to maintain stability and resilience.
As of today, HYLS is trading at $39.65, closely aligning with its 50-day simple moving average of $39.64. Furthermore, the fund’s 200-day simple moving average stands at $39.63, indicating a level of consistency in its performance over a longer period.
The First Trust Tactical High Yield ETF offers investors an actively managed approach to high yield bonds. By holding up to 130% in long positions on bonds it expects to outperform and up to 30% short positions on issues it anticipates underperforming, the fund aims to maximize returns for its shareholders.
In conclusion, the recent changes made by institutional investors regarding their positions in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF highlight the growing interest and confidence in this particular exchange-traded fund. With a strong track record and an actively managed investment strategy, HYLS continues to attract attention from astute investors seeking potential growth opportunities in the high yield bond market.