First Trust Long/Short Equity ETF $FTLS Position Lifted by Joseph Group Capital Management

Joseph Group Capital Management grew its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 25,865.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,717 shares of the company’s stock after acquiring an additional 32,591 shares during the period. Joseph Group Capital Management owned about 0.09% of First Trust Long/Short Equity ETF worth $2,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of FTLS. Commonwealth Equity Services LLC purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $13,847,000. Coppell Advisory Solutions LLC purchased a new position in First Trust Long/Short Equity ETF during the second quarter valued at approximately $107,000. Fifth Third Bancorp bought a new position in shares of First Trust Long/Short Equity ETF in the first quarter worth approximately $7,296,000. First Trust Advisors LP boosted its position in shares of First Trust Long/Short Equity ETF by 71.7% in the first quarter. First Trust Advisors LP now owns 223,206 shares of the company’s stock worth $15,703,000 after purchasing an additional 93,210 shares during the period. Finally, Wedbush Securities Inc. bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth approximately $5,810,000.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $75.03 on Tuesday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 24.12 and a beta of 0.49. First Trust Long/Short Equity ETF has a one year low of $69.21 and a one year high of $78.11. The company’s fifty day moving average price is $76.76 and its 200-day moving average price is $74.04.

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.