Savant Capital LLC Reduces Position in First Trust Long/Short Equity ETF $FTLS

Savant Capital LLC trimmed its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 14.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,277 shares of the company’s stock after selling 1,207 shares during the period. Savant Capital LLC’s holdings in First Trust Long/Short Equity ETF were worth $482,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FTLS. Cerity Partners LLC grew its stake in shares of First Trust Long/Short Equity ETF by 198.6% during the first quarter. Cerity Partners LLC now owns 35,079 shares of the company’s stock valued at $2,248,000 after buying an additional 23,331 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in First Trust Long/Short Equity ETF by 9.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 50,301 shares of the company’s stock valued at $3,223,000 after acquiring an additional 4,141 shares during the period. Kestra Private Wealth Services LLC grew its position in First Trust Long/Short Equity ETF by 13.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 27,346 shares of the company’s stock valued at $1,752,000 after acquiring an additional 3,192 shares during the last quarter. Wedbush Securities Inc. increased its stake in First Trust Long/Short Equity ETF by 96.1% in the first quarter. Wedbush Securities Inc. now owns 9,374 shares of the company’s stock worth $601,000 after purchasing an additional 4,595 shares during the period. Finally, Advisor OS LLC purchased a new stake in First Trust Long/Short Equity ETF in the first quarter worth $287,000.

First Trust Long/Short Equity ETF Trading Down 0.4%

Shares of FTLS opened at $70.94 on Friday. The firm has a fifty day moving average price of $69.88 and a 200-day moving average price of $67.37. The firm has a market capitalization of $2.07 billion, a P/E ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 12-month low of $58.90 and a 12-month high of $72.01.

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.