Global Wealth Strategies & Associates Sells 1,328 Shares of First Trust Long/Short Equity ETF $FTLS

Global Wealth Strategies & Associates reduced its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,553 shares of the company’s stock after selling 1,328 shares during the quarter. First Trust Long/Short Equity ETF accounts for approximately 0.3% of Global Wealth Strategies & Associates’ portfolio, making the stock its 23rd largest holding. Global Wealth Strategies & Associates owned about 0.05% of First Trust Long/Short Equity ETF worth $1,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Focus Partners Wealth grew its stake in shares of First Trust Long/Short Equity ETF by 6.6% during the first quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock valued at $1,468,000 after buying an additional 1,414 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of First Trust Long/Short Equity ETF by 435.0% during the first quarter. Coppell Advisory Solutions LLC now owns 89,790 shares of the company’s stock valued at $5,677,000 after buying an additional 73,007 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in shares of First Trust Long/Short Equity ETF by 8.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 27,998 shares of the company’s stock valued at $1,794,000 after buying an additional 2,156 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of First Trust Long/Short Equity ETF during the first quarter valued at about $844,000. Finally, Jones Financial Companies Lllp grew its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.0%

First Trust Long/Short Equity ETF stock opened at $68.76 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $69.94. The firm has a 50-day moving average of $67.03 and a 200-day moving average of $65.24.

First Trust Long/Short Equity ETF 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.