Financial Enhancement Group LLC Sells 162,624 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Financial Enhancement Group LLC decreased its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 52.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 149,361 shares of the company’s stock after selling 162,624 shares during the period. First Trust Long/Short Equity ETF makes up about 1.5% of Financial Enhancement Group LLC’s holdings, making the stock its 26th largest holding. Financial Enhancement Group LLC owned 0.75% of First Trust Long/Short Equity ETF worth $9,876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTLS. JPMorgan Chase & Co. increased its holdings in shares of First Trust Long/Short Equity ETF by 4,148.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after buying an additional 413,979 shares during the last quarter. World Investment Advisors LLC bought a new position in First Trust Long/Short Equity ETF in the third quarter valued at $21,644,000. International Assets Investment Management LLC increased its stake in First Trust Long/Short Equity ETF by 4,639.2% in the third quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock valued at $197,200,000 after acquiring an additional 304,146 shares during the last quarter. LPL Financial LLC raised its position in First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after purchasing an additional 150,887 shares in the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in First Trust Long/Short Equity ETF during the third quarter worth about $4,435,000.

First Trust Long/Short Equity ETF Trading Up 1.3 %

FTLS opened at $67.00 on Thursday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12-month low of $57.09 and a 12-month high of $67.92. The stock has a 50-day moving average price of $66.28 and a 200-day moving average price of $64.23.

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.