Cyndeo Wealth Partners LLC Takes Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cyndeo Wealth Partners LLC purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,628 shares of the company’s stock, valued at approximately $801,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. purchased a new stake in First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $35,000. NBC Securities Inc. increased its stake in First Trust Long/Short Equity ETF by 184.2% during the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after buying an additional 523 shares during the period. GAMMA Investing LLC purchased a new stake in First Trust Long/Short Equity ETF during the 2nd quarter worth approximately $84,000. Concourse Financial Group Securities Inc. increased its stake in First Trust Long/Short Equity ETF by 248,800.0% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 2,489 shares of the company’s stock worth $153,000 after buying an additional 2,488 shares during the period. Finally, Larson Financial Group LLC increased its stake in First Trust Long/Short Equity ETF by 44.2% during the 2nd quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock worth $160,000 after buying an additional 785 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.1 %

Shares of FTLS opened at $64.91 on Monday. First Trust Long/Short Equity ETF has a fifty-two week low of $52.15 and a fifty-two week high of $65.00. The company has a market cap of $1.29 billion, a P/E ratio of 19.46 and a beta of 0.62. The firm’s 50 day moving average price is $63.21 and its 200 day moving average price is $62.16.

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.