Simplicity Wealth LLC Makes New $1.13 Million Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Simplicity Wealth LLC acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,574 shares of the company’s stock, valued at approximately $1,126,000.

A number of other large investors also recently modified their holdings of FTLS. Ameriprise Financial Inc. increased its position in shares of First Trust Long/Short Equity ETF by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,662,691 shares of the company’s stock valued at $109,430,000 after purchasing an additional 473,092 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Trust Long/Short Equity ETF by 81.2% in the 4th quarter. JPMorgan Chase & Co. now owns 768,382 shares of the company’s stock valued at $50,567,000 after purchasing an additional 344,423 shares during the last quarter. Hobart Private Capital LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the 1st quarter valued at approximately $19,496,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $16,769,000. Finally, LPL Financial LLC increased its position in shares of First Trust Long/Short Equity ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 1,907,555 shares of the company’s stock valued at $125,536,000 after purchasing an additional 194,659 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.3%

Shares of NYSEARCA:FTLS opened at $65.57 on Wednesday. First Trust Long/Short Equity ETF has a 52 week low of $58.90 and a 52 week high of $69.94. The company’s 50 day moving average is $63.80 and its two-hundred day moving average is $65.38. The company has a market cap of $2.00 billion, a PE ratio of 24.23 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.