WealthPLAN Partners LLC Sells 14,073 Shares of First Trust Long/Short Equity ETF $FTLS

WealthPLAN Partners LLC lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 30.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,926 shares of the company’s stock after selling 14,073 shares during the period. WealthPLAN Partners LLC owned about 0.09% of First Trust Long/Short Equity ETF worth $2,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Independent Financial Group LLC acquired a new position in First Trust Long/Short Equity ETF in the 1st quarter valued at $1,270,000. IHT Wealth Management LLC raised its position in First Trust Long/Short Equity ETF by 749.9% in the fourth quarter. IHT Wealth Management LLC now owns 124,129 shares of the company’s stock valued at $8,812,000 after purchasing an additional 109,524 shares during the period. RFG Advisory LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 155.9% during the 1st quarter. RFG Advisory LLC now owns 76,412 shares of the company’s stock worth $5,376,000 after purchasing an additional 46,553 shares during the period. Simplicity Wealth LLC boosted its stake in First Trust Long/Short Equity ETF by 34.3% during the first quarter. Simplicity Wealth LLC now owns 42,693 shares of the company’s stock worth $3,004,000 after buying an additional 10,908 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of First Trust Long/Short Equity ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock worth $41,085,000 after purchasing an additional 31,515 shares during the period.

First Trust Long/Short Equity ETF Trading Down 0.3%

First Trust Long/Short Equity ETF stock traded down $0.24 during trading on Thursday, hitting $77.28. The company had a trading volume of 188,909 shares, compared to its average volume of 123,568. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1-year low of $68.45 and a 1-year high of $78.11. The company’s 50 day simple moving average is $76.67 and its 200-day simple moving average is $74.74.

First Trust Long/Short Equity ETF 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.