First Trust Long/Short Equity ETF $FTLS Shares Acquired by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC lifted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 7.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 131,503 shares of the company’s stock after buying an additional 8,625 shares during the quarter. First Trust Long/Short Equity ETF accounts for about 1.1% of Philip James Wealth Mangement LLC’s holdings, making the stock its 21st biggest holding. Philip James Wealth Mangement LLC’s holdings in First Trust Long/Short Equity ETF were worth $9,199,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FTLS. World Equity Group Inc. raised its stake in First Trust Long/Short Equity ETF by 9.8% during the third quarter. World Equity Group Inc. now owns 287,710 shares of the company’s stock valued at $20,125,000 after buying an additional 25,744 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of First Trust Long/Short Equity ETF by 66.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 113,163 shares of the company’s stock worth $7,916,000 after acquiring an additional 45,234 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 21.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 65,131 shares of the company’s stock valued at $4,557,000 after acquiring an additional 11,352 shares during the last quarter. Ethos Financial Group LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 1.0% in the 3rd quarter. Ethos Financial Group LLC now owns 171,722 shares of the company’s stock valued at $12,012,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of First Trust Long/Short Equity ETF by 4.6% during the 3rd quarter. Park Avenue Securities LLC now owns 9,731 shares of the company’s stock valued at $681,000 after acquiring an additional 430 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS opened at $71.50 on Friday. The stock has a market capitalization of $2.18 billion, a PE ratio of 21.59 and a beta of 0.48. The business’s fifty day moving average price is $71.14 and its 200 day moving average price is $69.06. First Trust Long/Short Equity ETF has a 12-month low of $58.90 and a 12-month high of $72.20.

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.