First Trust Long/Short Equity ETF $FTLS Shares Bought by IMG Wealth Management Inc.

IMG Wealth Management Inc. grew its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 9.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,898 shares of the company’s stock after purchasing an additional 8,591 shares during the period. First Trust Long/Short Equity ETF makes up 4.3% of IMG Wealth Management Inc.’s portfolio, making the stock its 5th biggest holding. IMG Wealth Management Inc. owned 0.31% of First Trust Long/Short Equity ETF worth $6,818,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tidemark LLC bought a new stake in First Trust Long/Short Equity ETF during the fourth quarter worth approximately $29,000. Jones Financial Companies Lllp increased its holdings in shares of First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares in the last quarter. Rossby Financial LCC increased its holdings in shares of First Trust Long/Short Equity ETF by 25.4% in the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock valued at $62,000 after buying an additional 176 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 1st quarter valued at $75,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 801.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after acquiring an additional 1,307 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.0%

Shares of First Trust Long/Short Equity ETF stock opened at $75.02 on Tuesday. The stock’s fifty day moving average is $74.33 and its 200-day moving average is $72.51. The firm has a market capitalization of $2.46 billion, a PE ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 12-month low of $65.84 and a 12-month high of $77.52.

About First Trust Long/Short Equity ETF

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.