IMG Wealth Management Inc. lifted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 9.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,898 shares of the company’s stock after acquiring an additional 8,591 shares during the quarter. First Trust Long/Short Equity ETF makes up about 4.3% of IMG Wealth Management Inc.’s holdings, making the stock its 5th biggest holding. IMG Wealth Management Inc.’s holdings in First Trust Long/Short Equity ETF were worth $6,818,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTLS. Rossby Financial LCC lifted its holdings in shares of First Trust Long/Short Equity ETF by 25.4% in the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock valued at $62,000 after purchasing an additional 176 shares in the last quarter. HBW Advisory Services LLC boosted its position in shares of First Trust Long/Short Equity ETF by 2.8% in the first quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock worth $481,000 after buying an additional 186 shares during the period. Hilltop Holdings Inc. grew its holdings in shares of First Trust Long/Short Equity ETF by 2.6% during the third quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock valued at $549,000 after buying an additional 196 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in shares of First Trust Long/Short Equity ETF by 10.2% during the fourth quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock valued at $182,000 after buying an additional 236 shares in the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of First Trust Long/Short Equity ETF by 0.6% during the first quarter. Sigma Planning Corp now owns 38,410 shares of the company’s stock valued at $2,702,000 after buying an additional 240 shares in the last quarter.
First Trust Long/Short Equity ETF Trading Down 0.0%
NYSEARCA:FTLS opened at $75.02 on Tuesday. The business’s fifty day moving average price is $74.33 and its 200 day moving average price is $72.51. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1-year low of $65.84 and a 1-year high of $77.52.
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.
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