WealthPlan Investment Management LLC Purchases 69,353 Shares of First Trust Long/Short Equity ETF $FTLS

WealthPlan Investment Management LLC boosted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLSFree Report) by 47.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 215,979 shares of the company’s stock after purchasing an additional 69,353 shares during the period. First Trust Long/Short Equity ETF comprises 1.0% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 22nd biggest position. WealthPlan Investment Management LLC owned approximately 0.73% of First Trust Long/Short Equity ETF worth $14,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FTLS. CX Institutional bought a new stake in First Trust Long/Short Equity ETF in the 1st quarter worth about $41,000. Wealth Enhancement Advisory Services LLC grew its position in First Trust Long/Short Equity ETF by 10.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 67,930 shares of the company’s stock worth $4,353,000 after purchasing an additional 6,155 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in First Trust Long/Short Equity ETF in the 1st quarter worth about $665,000. Kingswood Wealth Advisors LLC grew its position in First Trust Long/Short Equity ETF by 35.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 62,829 shares of the company’s stock worth $4,026,000 after purchasing an additional 16,281 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in First Trust Long/Short Equity ETF by 77.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 55,658 shares of the company’s stock worth $3,567,000 after purchasing an additional 24,290 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $69.07 on Thursday. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $70.49. The company has a 50-day simple moving average of $68.49 and a two-hundred day simple moving average of $66.03. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51.

About First Trust Long/Short Equity ETF

(Free Report)

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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Institutional Ownership by Quarter for First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

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