WealthPlan Investment Management LLC Buys 69,353 Shares of First Trust Long/Short Equity ETF $FTLS

WealthPlan Investment Management LLC grew its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 47.3% in the second quarter, Holdings Channel reports. The fund owned 215,979 shares of the company’s stock after acquiring an additional 69,353 shares during the quarter. First Trust Long/Short Equity ETF accounts for about 1.0% of WealthPlan Investment Management LLC’s portfolio, making the stock its 22nd largest position. WealthPlan Investment Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $14,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTLS. Rossby Financial LCC bought a new position in shares of First Trust Long/Short Equity ETF during the 1st quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its position in shares of First Trust Long/Short Equity ETF by 1,462.5% during the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 468 shares during the period. Lord & Richards Wealth Management LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 1st quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 456.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after buying an additional 383 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of First Trust Long/Short Equity ETF during the 1st quarter valued at approximately $41,000.

First Trust Long/Short Equity ETF Trading Up 0.2%

Shares of FTLS stock opened at $69.07 on Thursday. The stock has a market capitalization of $1.99 billion, a P/E ratio of 21.59 and a beta of 0.51. The firm’s 50 day moving average is $68.49 and its 200 day moving average is $66.03. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $70.49.

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.