RiverTree Advisors LLC Sells 30,692 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

RiverTree Advisors LLC lowered its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 60.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,278 shares of the company’s stock after selling 30,692 shares during the quarter. First Trust Long/Short Equity ETF comprises 0.9% of RiverTree Advisors LLC’s portfolio, making the stock its 29th largest holding. RiverTree Advisors LLC owned approximately 0.10% of First Trust Long/Short Equity ETF worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTLS. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 5.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 21,995 shares of the company’s stock worth $1,377,000 after buying an additional 1,134 shares during the period. AE Wealth Management LLC boosted its holdings in First Trust Long/Short Equity ETF by 120.7% during the second quarter. AE Wealth Management LLC now owns 27,219 shares of the company’s stock valued at $1,704,000 after acquiring an additional 14,887 shares during the period. Insigneo Advisory Services LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the second quarter valued at about $203,000. Gateway Wealth Partners LLC bought a new position in shares of First Trust Long/Short Equity ETF in the second quarter worth about $678,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 43.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 30,312 shares of the company’s stock worth $1,897,000 after purchasing an additional 9,131 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.4 %

FTLS opened at $67.20 on Monday. First Trust Long/Short Equity ETF has a 12-month low of $57.30 and a 12-month high of $67.92. The firm has a market capitalization of $1.33 billion, a P/E ratio of 19.46 and a beta of 0.62. The stock’s 50 day moving average price is $66.34 and its two-hundred day moving average price is $64.30.

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.