First Trust Long/Short Equity ETF $FTLS Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lowered its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 13.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,150 shares of the company’s stock after selling 8,952 shares during the quarter. Belpointe Asset Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $3,921,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FTLS. National Bank of Canada FI raised its position in shares of First Trust Long/Short Equity ETF by 100.8% during the 1st quarter. National Bank of Canada FI now owns 1,305 shares of the company’s stock valued at $83,000 after acquiring an additional 655 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in First Trust Long/Short Equity ETF by 77.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,658 shares of the company’s stock valued at $3,567,000 after purchasing an additional 24,290 shares during the last quarter. Twelve Points Wealth Management LLC increased its stake in First Trust Long/Short Equity ETF by 6.5% during the second quarter. Twelve Points Wealth Management LLC now owns 11,988 shares of the company’s stock valued at $795,000 after purchasing an additional 736 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the first quarter worth $1,126,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 15.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 218,757 shares of the company’s stock worth $14,018,000 after buying an additional 29,778 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $69.98 on Monday. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $70.49. The company has a 50-day simple moving average of $68.07 and a 200-day simple moving average of $65.78. The firm has a market capitalization of $2.01 billion, a PE ratio of 21.59 and a beta of 0.51.

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.