Partners Wealth Management LLC purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,240 shares of the company’s stock, valued at approximately $785,000.
Several other institutional investors have also made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new stake in First Trust Long/Short Equity ETF during the first quarter worth approximately $75,000. CoreCap Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 14.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after acquiring an additional 185 shares during the period. Compass Financial Management LLC acquired a new position in First Trust Long/Short Equity ETF in the 2nd quarter valued at $112,000. Bessemer Group Inc. acquired a new position in First Trust Long/Short Equity ETF in the 1st quarter valued at $181,000. Finally, IFS Group LLC acquired a new position in First Trust Long/Short Equity ETF in the 1st quarter valued at $208,000.
First Trust Long/Short Equity ETF Stock Performance
NYSEARCA:FTLS opened at $76.42 on Friday. The stock has a fifty day moving average price of $76.90 and a 200-day moving average price of $73.91. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a fifty-two week low of $69.21 and a fifty-two week high of $78.11.
First Trust Long/Short Equity ETF Company Profile
The First Trust Long\u002FShort Equity ETF (FTLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short. FTLS was launched on Sep 9, 2014 and is managed by First Trust.
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