Private Advisor Group LLC Sells 52,701 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Private Advisor Group LLC cut its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 285,332 shares of the company’s stock after selling 52,701 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $18,778,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FTLS. Proactive Wealth Strategies LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 10.9% in the fourth quarter. Proactive Wealth Strategies LLC now owns 77,474 shares of the company’s stock worth $5,099,000 after acquiring an additional 7,592 shares during the period. Philip James Wealth Mangement LLC raised its holdings in First Trust Long/Short Equity ETF by 0.7% during the 4th quarter. Philip James Wealth Mangement LLC now owns 120,944 shares of the company’s stock worth $7,959,000 after purchasing an additional 782 shares during the last quarter. Pure Portfolios Holdings LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter worth approximately $256,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter worth approximately $248,000. Finally, Allworth Financial LP boosted its stake in shares of First Trust Long/Short Equity ETF by 38.2% in the 4th quarter. Allworth Financial LP now owns 2,789 shares of the company’s stock valued at $190,000 after purchasing an additional 771 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.2 %

FTLS opened at $67.99 on Thursday. The stock has a market cap of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a twelve month low of $58.35 and a twelve month high of $69.94. The company has a fifty day moving average of $67.06 and a 200-day moving average of $65.08.

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.