The most recent filing that the company has made with the Securities and Exchange Commission reveals that during the third quarter of 2018, Avantax Advisory Services Inc. increased its position in First Trust Tactical High Yield ETF (NASDAQ: HYLS). The organization finished the period with a total of 88,157 shares of the company’s stock in its possession, which it obtained by purchasing an additional 15,512 shares throughout the month. In the most recent statement that Avantax Advisory Services Inc. filed with the SEC, the company disclosed that it owned approximately 0.22% of the total amount of First Trust Tactical High Yield ETF, which had a value of $3,378,000 at the time of the filing.
Recent transactions have resulted in several institutional investors and other hedge funds modifying the amount of the company’s stock that they currently hold in their portfolios. Financial Connections Group, Inc. invested in the First Trust Tactical High Yield ETF amounting to $32,000 during the second quarter of 2018. During the third quarter, Ronald Blue Trust Inc.’s capital expenditures totaled approximately $39,000, most of which came from new investments in the First Trust Tactical High Yield ETF. During the second quarter, Private Trust Co. NA invested approximately $47,000 to acquire a new position in First Trust Tactical High Yield ETF. The total cost of the transaction was approximately $47,000. Nelson Van Denburg and Campbell Wealth Management Group LLC opened a new position in the First Trust Tactical High Yield ETF during the third quarter of this year, allocating approximately $52,000 to open the position. The company made a fresh investment with this money.
Last but not least, during the second quarter, Captrust Financial Advisors increased the percentage of First Trust Tactical High Yield ETF shares that it owned by 1,052.7%. This certainly should not be considered the least important item. Captrust Financial Advisors now has 1,510 shares of the company’s stock, worth $59,000, after purchasing an additional 1,379 shares in the company throughout the most recent period.
When trading began on Thursday, the share price of the First Trust Tactical High Yield ETF was $40.53 per unit. The First Trust Tactical High Yield ETF hit a low of $38.07 during its last 52-week period, while it reached a high of $47.68 during that same period. The value of the stock’s 50-day moving average is currently sitting at $39.70, while the value of the stock’s 200-day moving average is currently sitting at $40.1.
In addition, the business just recently announced and distributed a monthly dividend, which took place on Friday, December 30. The dividend was distributed. On Tuesday, December 27, $0.215 dividend payments per share were made to shareholders on record when the dividends were calculated. This results in a dividend yield of 6.37 percent, corresponding to a monthly payment of $2.58 when calculated annually. This represents an increase over the previous monthly dividend amount distributed by First Trust Tactical High Yield ETF, which was $0.20. On Friday, December 23, which was a Friday, the dividend was paid out to shareholders. This date was in December.
Are you interested in finding out more about the other hedge funds that are keeping a close eye on HYLS? By going to HoldingsChannel.com, you can obtain information regarding the most recent 13F filings and insider transactions for First Trust Tactical High Yield ETF.