First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
221 hedge funds and large institutions have $964M invested in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in 2026 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 82 increasing their positions, 84 reducing their positions, and 24 closing their positions.
29% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 24
0% more funds holding
Funds holding: 221 → 221 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 84
6.81% less ownership
Funds ownership: 61.43% → 54.62% (-6.8%)
11% less capital invested
Capital invested by funds: $1.09B → $964M (-$125M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$20.8M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$8.45M |
| 3 |
AWM
Avior Wealth Management
Omaha,
Nebraska
|
+$2.68M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.58M |
| 5 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$2.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$59.6M |
| 2 |
LPL Financial
San Diego,
California
|
-$27.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$6.58M |
| 4 |
BCP
Blackhawk Capital Partners
Thiensville,
Wisconsin
|
-$5.81M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.5M |
HYLS Hedge Fund Activity: Q1 2026 in Review
221 of the 8,187 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 Q1 2026, worth a combined $964M — down 11% from $1.09B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new HYLS positions and 24 closed out — a net gain of 7 holders — while 82 added to existing stakes and 84 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $20.8M. The largest seller was Morgan Stanley, cutting an estimated $59.6M.
- 221 institutional investors held First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS) as of Q1 2026, unchanged from Q4 2025.
- Funds reported $964M of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock for Q1 2026, down 11% quarter-over-quarter.
- 31 funds opened new First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF positions in Q1 2026 and 24 closed out, a net change of +7 holders.
- The largest First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF buyer in Q1 2026 was Jane Street, an estimated $20.8M added.
- The largest First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF seller in Q1 2026 was Morgan Stanley, an estimated $59.6M sold.
Based on aggregated 13F filings for Q1 2026.