Western Wealth Management LLC Boosts Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Western Wealth Management LLC boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,116 shares of the company’s stock after acquiring an additional 312 shares during the period. Western Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in First Trust Long/Short Equity ETF during the third quarter valued at approximately $72,000. Allworth Financial LP purchased a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth $114,000. CWM LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth $115,000. Fermata Advisors LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth $200,000. Finally, Assetmark Inc. raised its holdings in shares of First Trust Long/Short Equity ETF by 257.3% in the third quarter. Assetmark Inc. now owns 3,887 shares of the company’s stock worth $207,000 after buying an additional 2,799 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Up 1.1 %

NYSEARCA FTLS opened at $59.70 on Tuesday. The company has a fifty day simple moving average of $60.53 and a two-hundred day simple moving average of $57.49. The stock has a market cap of $1.11 billion, a P/E ratio of 18.96 and a beta of 0.59. First Trust Long/Short Equity ETF has a 12-month low of $50.74 and a 12-month high of $61.85.

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.