First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF
US ˙ NasdaqGM ˙ US33738D4088

SecurityHYLS / First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership22,982 shares
Latest Disclosed Value $ 932,452
Level Four Advisory Services, Llc reports 7.30% decrease in ownership of HYLS / First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 22,982 shares of First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF (US:HYLS) valued at $932,380 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 24,792 shares of First Trust Exchange-Traded Fund IV - First Trust Tactical High Yield ETF. This represents a change in shares of -7.30% during the quarter. The current value of the position is $936,057 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)
2026-05-14 2026-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 22,982 -1,810 -7.30 932 -10.13 0.0306
2026-02-13 2025-12-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 24,792 3,253 15.10 1,038 14.59 0.0340
2025-11-12 2025-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 21,539 4,266 24.70 906 25.35 0.0310
2025-08-13 2025-06-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 17,273 600 3.60 722 5.56 0.0266
2025-05-14 2025-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 16,673 3,143 23.23 684 22.36 0.0281
2025-02-12 2024-12-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 13,530 1,560 13.03 559 12.70 0.0229
2024-11-14 2024-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 11,970 2,223 22.81 496 25.25 0.0209
2024-08-09 2024-06-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 9,747 3,242 49.84 396 46.67 0.0179
2024-05-13 2024-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 6,505 0 0.00 270 0.00 0.0149
2024-02-08 2023-12-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 6,505 874 15.52 270 22.73 0.0152
2023-11-13 2023-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 5,631 5,631 221 0.0142
2022-11-07 2022-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 0 -5,742 -100.00 0 -100.00
2022-08-08 2022-06-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 5,742 -717 -11.10 225 -23.99 0.0212
2022-05-10 2022-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 6,459 1,327 25.86 296 20.33 0.0232
2022-02-11 2021-12-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 5,132 568 12.45 246 11.82 0.0188
2021-10-12 2021-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 4,564 -4,053 -47.03 220 -47.37 0.0229
2021-08-09 2021-06-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 8,617 1,934 28.94 418 28.62 0.0289
2021-05-10 2021-03-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 6,683 -5,422 -44.79 325 -44.92 0.0252
2021-02-10 2020-12-31 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 12,105 -15,773 -56.58 590 -55.13 0.0474
2020-11-02 2020-09-30 13F FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 27,878 -70,040 -71.53 1,315 -70.65 0.1013
2020-08-17 2020-06-30 13F/A-1 FIRST TR EXCHANGE-TRADED FD FIRST TR TA HIYL 33738D408 97,918 97,918 4,481 0.3466
2019-11-12 2019-09-30 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 0 -6,805 -100.00 0 -100.00
2019-08-14 2019-06-30 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 6,805 734 12.09 327 12.76 0.0330
2019-05-15 2019-03-31 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 6,071 6,071 290 0.0319
2019-02-07 2018-12-31 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 0 -5,221 -100.00 0 -100.00
2018-11-14 2018-09-30 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 5,221 0 0.00 250 1.63 0.0270
2018-08-14 2018-06-30 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 5,221 -1,585 -23.29 246 -24.07 0.0179
2018-05-14 2018-03-31 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 6,806 -1,390 -16.96 324 -18.59 0.0251
2018-02-13 2017-12-31 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 8,196 -2,326 -22.11 398 -22.87 0.0310
2018-04-03 2017-09-30 13F/A-1 FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 10,522 264 2.57 516 2.99 0.0457
2017-11-15 2017-09-30 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 9,539 -719 468
2017-09-20 2017-06-30 13F/A-1 FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 10,258 0 0.00 501 0.00 0.0771
2017-07-12 2017-06-30 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 10,258 501
2017-09-20 2017-03-31 13F/A-1 FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 10,258 -52 -0.50 501 0.80 0.0510
2017-05-15 2017-03-31 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 10,258 501
2017-02-14 2016-12-31 13F FIRST TR EXCHANGE TRADED FD FIRST TR TA HIYL 33738D408 10,310 10,310 497 0.0634
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.