SeaCrest Wealth Management LLC Takes $630,000 Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

SeaCrest Wealth Management LLC purchased a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,825 shares of the company’s stock, valued at approximately $630,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. DAVENPORT & Co LLC raised its stake in First Trust Long/Short Equity ETF by 4.2% in the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock valued at $314,000 after purchasing an additional 191 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $6,433,000. Apollon Wealth Management LLC raised its stake in First Trust Long/Short Equity ETF by 4.0% in the fourth quarter. Apollon Wealth Management LLC now owns 28,694 shares of the company’s stock valued at $1,888,000 after purchasing an additional 1,098 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $3,038,000. Finally, Moloney Securities Asset Management LLC raised its stake in First Trust Long/Short Equity ETF by 23.8% in the fourth quarter. Moloney Securities Asset Management LLC now owns 10,378 shares of the company’s stock valued at $683,000 after purchasing an additional 1,994 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS opened at $65.95 on Friday. The firm’s 50 day simple moving average is $63.71 and its 200 day simple moving average is $65.38. The company has a market capitalization of $2.01 billion, a P/E ratio of 24.23 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $69.94.

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.