WealthPlan Investment Management LLC lessened its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,142 shares of the company’s stock after selling 31,263 shares during the quarter. WealthPlan Investment Management LLC owned about 0.60% of First Trust Long/Short Equity ETF worth $13,143,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in FTLS. Root Financial Partners LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $25,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 87.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock valued at $28,000 after acquiring an additional 186 shares during the last quarter. Burkett Financial Services LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $28,000. Jones Financial Companies Lllp boosted its holdings 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 last quarter. Finally, Rossby Financial LCC boosted its holdings in shares of First Trust Long/Short Equity ETF by 48.1% during the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after acquiring an additional 225 shares during the last quarter.
First Trust Long/Short Equity ETF Stock Up 0.1%
Shares of NYSEARCA FTLS opened at $74.25 on Friday. The firm’s 50-day moving average price is $71.67 and its 200-day moving average price is $71.35. The company has a market cap of $2.30 billion, a PE ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 52-week low of $64.47 and a 52-week high of $74.79.
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.
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