First Trust Long/Short Equity ETF $FTLS Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC decreased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 26.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 70,201 shares of the company’s stock after selling 25,678 shares during the period. First Trust Long/Short Equity ETF accounts for 1.0% of WealthPLAN Partners LLC’s portfolio, making the stock its 27th biggest position. WealthPLAN Partners LLC’s holdings in First Trust Long/Short Equity ETF were worth $4,939,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FTLS. Assetmark Inc. boosted its stake in First Trust Long/Short Equity ETF by 728.0% in the fourth quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after acquiring an additional 446,569 shares in the last quarter. Center For Asset Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth about $2,965,000. Seeds Investor LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at about $3,283,000. Triad Wealth Partners LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at about $527,000. Finally, CENTRAL TRUST Co boosted its position in shares of First Trust Long/Short Equity ETF by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 422,643 shares of the company’s stock valued at $30,003,000 after purchasing an additional 24,707 shares during the period.

First Trust Long/Short Equity ETF Stock Down 0.1%

NYSEARCA:FTLS opened at $74.02 on Wednesday. The stock’s 50 day moving average price is $74.07 and its 200 day moving average price is $72.17. The company has a market capitalization of $2.42 billion, a PE ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 52-week low of $65.56 and a 52-week high of $75.11.

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.