IHT Wealth Management LLC Raises Holdings in First Trust Long/Short Equity ETF $FTLS

IHT Wealth Management LLC lifted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 749.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,129 shares of the company’s stock after buying an additional 109,524 shares during the period. IHT Wealth Management LLC owned about 0.40% of First Trust Long/Short Equity ETF worth $8,812,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. NewEdge Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after purchasing an additional 1,803 shares in the last quarter. Jones Financial Companies Lllp increased its stake in First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after purchasing an additional 468 shares in the last quarter. Focus Partners Wealth increased its stake in First Trust Long/Short Equity ETF by 6.6% in the 1st quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock valued at $1,468,000 after purchasing an additional 1,414 shares in the last quarter. Cerity Partners LLC increased its stake in First Trust Long/Short Equity ETF by 57.7% in the 2nd quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock valued at $3,666,000 after purchasing an additional 20,225 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in First Trust Long/Short Equity ETF in the 2nd quarter valued at approximately $344,000.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA FTLS opened at $74.41 on Thursday. First Trust Long/Short Equity ETF has a 1-year low of $64.63 and a 1-year high of $75.09. The company has a market capitalization of $2.30 billion, a P/E ratio of 21.59 and a beta of 0.50. The business has a 50 day moving average price of $73.59 and a 200 day moving average price of $71.89.

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.