Koshinski Asset Management Inc. Decreases Position in First Trust Long/Short Equity ETF $FTLS

Koshinski Asset Management Inc. decreased its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,257 shares of the company’s stock after selling 10,098 shares during the quarter. Koshinski Asset Management Inc. owned approximately 0.24% of First Trust Long/Short Equity ETF worth $5,200,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTLS. Assetmark Inc. lifted its position in First Trust Long/Short Equity ETF by 728.0% in the fourth quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after acquiring an additional 446,569 shares during the last quarter. Ameriprise Financial Inc. lifted its position in First Trust Long/Short Equity ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after acquiring an additional 231,155 shares during the last quarter. Raymond James Financial Inc. lifted its position in First Trust Long/Short Equity ETF by 45.2% in the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock valued at $44,633,000 after acquiring an additional 209,579 shares during the last quarter. Merit Financial Group LLC lifted its position in First Trust Long/Short Equity ETF by 159.4% in the fourth quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock valued at $17,396,000 after acquiring an additional 150,598 shares during the last quarter. Finally, Tcfg Wealth Management LLC purchased a new stake in First Trust Long/Short Equity ETF in the third quarter valued at $7,618,000.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS opened at $73.55 on Friday. First Trust Long/Short Equity ETF has a 1-year low of $63.69 and a 1-year high of $74.79. The stock has a market cap of $2.28 billion, a PE ratio of 21.59 and a beta of 0.51. The firm has a fifty day moving average price of $71.32 and a 200 day moving average price of $71.18.

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.