Simplicity Wealth LLC Buys 10,908 Shares of First Trust Long/Short Equity ETF $FTLS

Simplicity Wealth LLC grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 34.3% during the first quarter, HoldingsChannel reports. The firm owned 42,693 shares of the company’s stock after buying an additional 10,908 shares during the quarter. Simplicity Wealth LLC’s holdings in First Trust Long/Short Equity ETF were worth $3,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. boosted its holdings in First Trust Long/Short Equity ETF by 728.0% during 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 period. Center For Asset Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth about $2,965,000. Seeds Investor LLC bought a new stake in First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $3,283,000. Triad Wealth Partners LLC acquired a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $527,000. Finally, CENTRAL TRUST Co increased its position in First Trust Long/Short Equity ETF by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 422,643 shares of the company’s stock worth $30,003,000 after buying an additional 24,707 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.0%

Shares of FTLS stock traded up $0.03 during trading hours on Friday, reaching $74.71. 130,803 shares of the company’s stock were exchanged, compared to its average volume of 115,612. First Trust Long/Short Equity ETF has a fifty-two week low of $65.56 and a fifty-two week high of $75.11. The stock has a market capitalization of $2.45 billion, a P/E ratio of 21.59 and a beta of 0.50. The business has a fifty day moving average price of $74.16 and a 200-day moving average price of $72.24.

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.