Golden State Wealth Management LLC Lowers Stock Position in First Trust Long/Short Equity ETF $FTLS

Golden State Wealth Management LLC cut its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 1.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 70,501 shares of the company’s stock after selling 931 shares during the quarter. Golden State Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $4,673,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of First Trust Long/Short Equity ETF by 18.5% during the 1st quarter. LPL Financial LLC now owns 2,260,242 shares of the company’s stock valued at $144,836,000 after buying an additional 352,687 shares during the period. Ameriprise Financial Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 31.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,186,306 shares of the company’s stock valued at $140,116,000 after buying an additional 523,615 shares during the period. Royal Bank of Canada grew its stake in shares of First Trust Long/Short Equity ETF by 11.1% during the 1st quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock valued at $126,261,000 after buying an additional 196,268 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust Long/Short Equity ETF by 8.4% during the 1st quarter. Cetera Investment Advisers now owns 586,842 shares of the company’s stock valued at $37,605,000 after buying an additional 45,451 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Long/Short Equity ETF by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 579,756 shares of the company’s stock valued at $38,426,000 after acquiring an additional 45,680 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.8%

NYSEARCA:FTLS opened at $71.42 on Thursday. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. The firm’s fifty day simple moving average is $69.38 and its 200 day simple moving average is $66.94. First Trust Long/Short Equity ETF has a twelve month low of $58.90 and a twelve month high of $71.70.

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.