First Trust Long/Short Equity ETF $FTLS Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC decreased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,150 shares of the company’s stock after selling 8,952 shares during the quarter. Belpointe Asset Management LLC owned 0.20% of First Trust Long/Short Equity ETF worth $3,921,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 5,015.1% in the first quarter. GAMMA Investing LLC now owns 86,957 shares of the company’s stock valued at $5,572,000 after purchasing an additional 85,257 shares during the period. NBC Securities Inc. purchased a new position in First Trust Long/Short Equity ETF in the 1st quarter valued at about $51,000. SeaCrest Wealth Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the first quarter valued at about $630,000. City Center Advisors LLC grew its stake in shares of First Trust Long/Short Equity ETF by 5.9% during the first quarter. City Center Advisors LLC now owns 10,264 shares of the company’s stock valued at $658,000 after acquiring an additional 576 shares in the last quarter. Finally, KMG Fiduciary Partners LLC increased its position in shares of First Trust Long/Short Equity ETF by 24.8% during the first quarter. KMG Fiduciary Partners LLC now owns 25,437 shares of the company’s stock worth $1,630,000 after acquiring an additional 5,048 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $69.98 on Monday. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $70.49. The stock has a 50-day moving average price of $68.07 and a 200 day moving average price of $65.78. The company has a market capitalization of $2.01 billion, a P/E ratio of 21.59 and a beta of 0.51.

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.