From MarketBeat:



AE Wealth Management LLC has sold 50.4% of their position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter, reducing their shares to 59,972 from 120,898. The 13F filing with the SEC valued their remaining shares at $2,353,000. Additionally, several other institutional investors also increased their positions in the company. The stock opened at $41.41 and First Trust Tactical High Yield ETF announced a monthly dividend to be paid on December 29, 2023. Investors of record on December 26, 2023, will receive a $0.22 dividend, making up an annualized dividend of $2.64. The company operates as an exchange-traded fund based on the ICE BoFA US High Yield Constrained index, actively managed for high yield bonds.

To find out the top performing stocks on Wall Street, MarketBeat offers a service that tracks the recommendations provided to clients by top-rated research analysts. MarketBeat has identified five stocks that top analysts are recommending and First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF was not among them. Although the company currently has a “hold” rating among analysts, MarketBeat suggests that the five identified stocks may be better buys for investors looking to generate income with their stock portfolios.



Read more: AE Wealth Management LLC Has $2.35 Million Stock Position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS)