First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
221 hedge funds and large institutions have $1.09B invested in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in 2025 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 104 increasing their positions, 67 reducing their positions, and 17 closing their positions.
88% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 17
55% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 67
6% more funds holding
Funds holding: 209 → 221 (+12)
4% more capital invested
Capital invested by funds: $1.05B → $1.09B (+$43.9M)
0.48% less ownership
Funds ownership: 61.91% → 61.43% (-0.48%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$20.4M |
| 2 |
LPL Financial
San Diego,
California
|
+$14M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$4.66M |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$3M |
| 5 |
OC
Oppenheimer & Co
New York
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$10.2M |
| 2 |
HIW
Holos Integrated Wealth
Kennett Square,
Pennsylvania
|
-$5.44M |
| 3 |
PG
Prostatis Group
Hanover,
Maryland
|
-$4.04M |
| 4 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$3.48M |
| 5 |
FA
Fountainhead AM
Warren,
New Jersey
|
-$1.84M |
HYLS Hedge Fund Activity: Q4 2025 in Review
221 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS) for Q4 2025, worth a combined $1.09B — up 4.2% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new HYLS positions and 17 closed out — a net gain of 15 holders — while 104 added to existing stakes and 67 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $20.4M. The largest seller was Ocean Park Asset Management, exiting entirely with an estimated $10.2M sold.
- 221 institutional investors held First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS) as of Q4 2025, up from 209 in Q3 2025.
- Funds reported $1.09B of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock for Q4 2025, up 4.2% quarter-over-quarter.
- 32 funds opened new First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF positions in Q4 2025 and 17 closed out, a net change of +15 holders.
- The largest First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF buyer in Q4 2025 was Morgan Stanley, an estimated $20.4M added.
- The largest First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF seller in Q4 2025 was Ocean Park Asset Management, an estimated $10.2M sold.
Based on aggregated 13F filings for Q4 2025.