First Trust Long/Short Equity ETF $FTLS Stock Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC decreased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 12.8% in the third quarter, HoldingsChannel.com reports. The fund owned 94,314 shares of the company’s stock after selling 13,787 shares during the period. WealthPlan Investment Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $7,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTLS. Independent Financial Group LLC bought a new position in First Trust Long/Short Equity ETF in the first quarter worth about $1,270,000. IHT Wealth Management LLC lifted its holdings in First Trust Long/Short Equity ETF by 749.9% in the fourth quarter. IHT Wealth Management LLC now owns 124,129 shares of the company’s stock worth $8,812,000 after buying an additional 109,524 shares during the period. RFG Advisory LLC boosted its position in First Trust Long/Short Equity ETF by 155.9% during the 1st quarter. RFG Advisory LLC now owns 76,412 shares of the company’s stock valued at $5,376,000 after acquiring an additional 46,553 shares in the last quarter. Cetera Investment Advisers boosted its position in First Trust Long/Short Equity ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock valued at $41,085,000 after acquiring an additional 31,515 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its position in First Trust Long/Short Equity ETF by 34.3% during the 1st quarter. Simplicity Wealth LLC now owns 42,693 shares of the company’s stock valued at $3,004,000 after acquiring an additional 10,908 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.3%

Shares of NYSEARCA:FTLS traded down $0.26 during trading on Thursday, hitting $77.26. The stock had a trading volume of 127,872 shares, compared to its average volume of 123,164. The company has a market capitalization of $2.63 billion, a PE ratio of 21.59 and a beta of 0.50. The firm’s fifty day moving average is $76.67 and its 200 day moving average is $74.74. First Trust Long/Short Equity ETF has a 12 month low of $68.45 and a 12 month high of $78.11.

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.