Ausdal Financial Partners Inc. Buys New Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Ausdal Financial Partners Inc. purchased a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,910 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors have also recently bought and sold shares of FTLS. DAVENPORT & Co LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 4.2% during the 4th quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after buying an additional 191 shares during the last quarter. Principal Securities Inc. raised its holdings in First Trust Long/Short Equity ETF by 31.9% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after acquiring an additional 231 shares during the period. GAMMA Investing LLC lifted its position in First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after acquiring an additional 353 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 4.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after acquiring an additional 422 shares during the period. Finally, Wintrust Investments LLC grew its position in shares of First Trust Long/Short Equity ETF by 35.6% in the fourth quarter. Wintrust Investments LLC now owns 1,725 shares of the company’s stock valued at $113,000 after purchasing an additional 453 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 1.0 %

NYSEARCA:FTLS opened at $63.47 on Friday. The stock has a 50 day simple moving average of $66.15 and a 200 day simple moving average of $65.49. The stock has a market cap of $1.89 billion, a P/E ratio of 24.26 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1-year low of $58.92 and a 1-year high of $69.94.

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.