Joseph Group Capital Management grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 25,865.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,717 shares of the company’s stock after acquiring an additional 32,591 shares during the quarter. Joseph Group Capital Management’s holdings in First Trust Long/Short Equity ETF were worth $2,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of FTLS. Integrated Wealth Concepts LLC boosted its position in shares of First Trust Long/Short Equity ETF by 0.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 43,603 shares of the company’s stock valued at $3,218,000 after acquiring an additional 145 shares during the last quarter. CoreCap Advisors LLC grew its position in First Trust Long/Short Equity ETF by 14.5% in the second quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after acquiring an additional 185 shares in the last quarter. HBW Advisory Services LLC grew its position in 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 acquiring an additional 186 shares in the last quarter. Sigma Planning Corp increased its stake in 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 worth $2,702,000 after acquiring an additional 240 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 2.8% during the second quarter. Concurrent Investment Advisors LLC now owns 10,013 shares of the company’s stock worth $739,000 after acquiring an additional 269 shares during the last quarter.
First Trust Long/Short Equity ETF Price Performance
Shares of FTLS stock opened at $75.03 on Tuesday. First Trust Long/Short Equity ETF has a 1 year low of $69.21 and a 1 year high of $78.11. The stock’s 50 day simple moving average is $76.76 and its two-hundred day simple moving average is $74.04. The company has a market cap of $2.59 billion, a PE ratio of 24.12 and a beta of 0.49.
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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