First Trust Exchange-Traded Fund IV - First Trust 전술적 고수익 ETF
US ˙ NasdaqGM ˙ US33738D4088

SecurityHYLS / First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF
InstitutionKovack Advisors, Inc.
Latest Disclosed Ownership33,806 shares
Latest Disclosed Value $ 1,373,723
Kovack Advisors, Inc. reports 20.00% decrease in ownership of HYLS / First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF

On May 12, 2026 - Kovack Advisors, Inc. filed a 13F-HR form disclosing ownership of 33,806 shares of First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF (US:HYLS) valued at $1,371,509 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 17, 2026 disclosing 42,255 shares of First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF. This represents a change in shares of -20.00% during the quarter. The current value of the position is $1,377,256 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 33,806 -8,449 -20.00 1,374 -22.34 0.0733
2026-02-17 2025-12-31 13F/A-1 FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 42,255 12,706 43.00 1,769 42.35 0.0822
2026-02-12 2025-12-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 42,255 12,706 1,663 0.1273
2025-11-10 2025-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 29,549 302 1.03 1,243 1.64 0.1170
2025-08-04 2025-06-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 29,247 -2,924 -9.09 1,223 -7.42 0.1199
2025-05-06 2025-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 32,171 386 1.21 1,320 0.53 0.1398
2025-02-05 2024-12-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 31,785 -41,676 -56.73 1,314 -57.40 0.1289
2024-11-05 2024-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 73,461 -651 -0.88 3,082 2.36 0.3265
2024-08-05 2024-06-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 74,112 74,112 3,011 0.3314
2024-04-19 2024-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 0 -72,821 -100.00 0 -100.00
2024-02-02 2023-12-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 72,821 1,350 1.89 3,027 7.99 0.3596
2023-10-19 2023-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 71,471 -5,495 -7.14 2,804 -8.10 0.3911
2023-07-21 2023-06-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 76,966 -3,501 -4.35 3,050 -4.66 0.3908
2023-04-21 2023-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 80,467 796 1.00 3,199 3.13 0.4361
2023-02-22 2022-12-31 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 79,671 -2,310 -2.82 3,102 -1.27 0.4535
2022-11-14 2022-09-30 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 81,981 -529 -0.64 3,142 -2.72 0.4615
2022-08-10 2022-06-30 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 82,510 225 0.27 3,230 -14.21 0.4263
2022-05-16 2022-03-31 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 82,285 4,852 6.27 3,765 1.62 0.3867
2022-01-18 2021-12-31 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 77,433 5,943 8.31 3,705 7.55 0.3579
2021-11-03 2021-09-30 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 71,490 4,388 6.54 3,445 5.84 0.3744
2021-07-29 2021-06-30 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 67,102 16,877 33.60 3,255 33.24 0.3705
2021-05-04 2021-03-31 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 50,225 301 0.60 2,443 0.45 0.3175
2021-01-14 2020-12-31 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 49,924 16,758 50.53 2,432 55.40 0.3500
2020-11-02 2020-09-30 13F FIRST TRUST TACTICAL HIGH YIELD ETF HIGH YIELD ETF 33738D408 33,166 15,219 84.80 1,565 90.16 0.2785
2020-07-31 2020-06-30 13F FIRST TRUST TACTICAL HIGH YIELD ETF ETF 33738D408 17,947 5,950 49.60 823 63.29 0.1602
2020-04-30 2020-03-31 13F FIRST TRUST TACTICAL HIGH YIELD ETF TACTICAL HIGH YIELD ETF 33738D408 11,997 -1,167 -8.87 504 -21.50 0.1164
2020-01-29 2019-12-31 13F FIRST TRUST TACTICAL HIGH YIELD ETF TACTICAL HIGH YIELD ETF 33738D408 13,164 505 3.99 642 5.07 0.1148
2019-10-31 2019-09-30 13F FIRST TRUST TACTICAL HIGH YIELD ETF TACTICAL HIGH YIELD ETF 33738D408 12,659 -172 -1.34 611 -0.97 0.1254
2019-08-14 2019-06-30 13F FIRST TR EXCHANGE TRADED FD IV FIRST TR TA HIYL IV FIRST TR TA HIYL 33738D408 12,831 1,122 9.58 617 10.18 0.1410
2019-05-03 2019-03-31 13F FIRST TR EXCHANGE TRADED FD IV FIRST TR TA HIYL IV FIRST TR TA HIYL 33738D408 11,709 124 1.07 560 7.69 0.1396
2019-02-06 2018-12-31 13F FIRST TR EXCHANGE TRADED FD IV FIRST TR TA HIYL IV FIRST TR TA HIYL 33738D408 11,585 0 0.00 520 -6.14 0.1521
2018-10-09 2018-09-30 13F FIRST TR EXCHANGE TRADED FD IV FIRST TR TA HIYL IV FIRST TR TA HIYL 33738D408 11,585 0 0.00 554 1.47 0.1429
2018-08-01 2018-06-30 13F FIRST TR EXCHANGE TRADED FD IV FIRST TR TA HIYL TR TA HIYL 33738D408 11,585 11,585 546 0.1525
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.