First Trust Long/Short Equity ETF $FTLS Shares Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 182.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 58,064 shares of the company’s stock after acquiring an additional 37,517 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Long/Short Equity ETF were worth $4,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FTLS. Assetmark Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 728.0% during the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after acquiring an additional 446,569 shares in the last quarter. VestGen Advisors LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth $20,855,000. Ameriprise Financial Inc. raised its position in shares of First Trust Long/Short Equity ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after purchasing an additional 231,155 shares during the period. Raymond James Financial Inc. raised its position in shares of First Trust Long/Short Equity ETF by 45.2% during the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after purchasing an additional 209,579 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 159.4% during the fourth quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock valued at $17,396,000 after purchasing an additional 150,598 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.0%

Shares of NYSEARCA FTLS opened at $75.02 on Tuesday. First Trust Long/Short Equity ETF has a 12 month low of $65.84 and a 12 month high of $77.52. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. The business has a fifty day simple moving average of $74.33 and a 200-day simple moving average of $72.51.

First Trust Long/Short Equity ETF 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.