First Trust Long/Short Equity ETF $FTLS Shares Sold by Prostatis Group LLC

Prostatis Group LLC lowered its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.1% during the second quarter, Holdings Channel.com reports. The firm owned 55,485 shares of the company’s stock after selling 6,254 shares during the quarter. First Trust Long/Short Equity ETF accounts for about 1.1% of Prostatis Group LLC’s portfolio, making the stock its 25th largest position. Prostatis Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $3,678,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC raised its position in shares of First Trust Long/Short Equity ETF by 2.3% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 12,964 shares of the company’s stock worth $859,000 after acquiring an additional 296 shares in the last quarter. IFP Advisors Inc grew its stake in First Trust Long/Short Equity ETF by 5.6% during the 2nd quarter. IFP Advisors Inc now owns 25,340 shares of the company’s stock worth $1,680,000 after buying an additional 1,343 shares during the last quarter. MSH Capital Advisors LLC purchased a new position in First Trust Long/Short Equity ETF during the 2nd quarter worth approximately $1,469,000. Kingswood Wealth Advisors LLC grew its stake in First Trust Long/Short Equity ETF by 8.1% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 67,929 shares of the company’s stock worth $4,502,000 after buying an additional 5,100 shares during the last quarter. Finally, Simplicity Wealth LLC grew its stake in shares of First Trust Long/Short Equity ETF by 204.9% in the 2nd quarter. Simplicity Wealth LLC now owns 53,577 shares of the company’s stock valued at $3,551,000 after purchasing an additional 36,003 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 1.8%

Shares of FTLS stock opened at $67.94 on Friday. The business’s 50 day moving average is $68.34 and its two-hundred day moving average is $65.94. First Trust Long/Short Equity ETF has a twelve month low of $58.90 and a twelve month high of $70.49. The company has a market capitalization of $1.95 billion, a P/E ratio of 21.59 and a beta of 0.51.

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.