First Trust Long/Short Equity ETF $FTLS Shares Newly Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 75,764 shares of the company’s stock, valued at approximately $5,810,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Independent Financial Group LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the first quarter worth approximately $1,270,000. RFG Advisory LLC lifted its stake in First Trust Long/Short Equity ETF by 155.9% in the first quarter. RFG Advisory LLC now owns 76,412 shares of the company’s stock worth $5,376,000 after acquiring an additional 46,553 shares during the last quarter. Simplicity Wealth LLC grew its holdings in First Trust Long/Short Equity ETF by 34.3% during the 1st quarter. Simplicity Wealth LLC now owns 42,693 shares of the company’s stock worth $3,004,000 after acquiring an additional 10,908 shares in the last quarter. Cetera Investment Advisers grew its holdings in 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 acquiring an additional 31,515 shares in the last quarter. Finally, Stillwater Private Wealth LLC acquired a new position in First Trust Long/Short Equity ETF during the 1st quarter worth approximately $1,836,000.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA:FTLS traded up $0.07 during trading hours on Friday, reaching $76.68. The stock had a trading volume of 98,220 shares, compared to its average volume of 123,985. First Trust Long/Short Equity ETF has a 1 year low of $69.21 and a 1 year high of $78.11. The firm’s 50 day moving average is $76.82 and its 200-day moving average is $75.05. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50.

About First Trust Long/Short Equity ETF

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.