Laidlaw Wealth Management LLC Cuts Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Laidlaw Wealth Management LLC reduced its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,454 shares of the company’s stock after selling 974 shares during the period. Laidlaw Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,346,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Proactive Wealth Strategies LLC raised its holdings in First Trust Long/Short Equity ETF by 10.9% during the fourth quarter. Proactive Wealth Strategies LLC now owns 77,474 shares of the company’s stock worth $5,099,000 after purchasing an additional 7,592 shares in the last quarter. Philip James Wealth Mangement LLC raised its holdings in First Trust Long/Short Equity ETF by 0.7% during the fourth 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 in the last quarter. Pure Portfolios Holdings LLC purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth about $256,000. Strategic Financial Concepts LLC purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth about $248,000. Finally, Allworth Financial LP raised its holdings in First Trust Long/Short Equity ETF by 38.2% during the fourth quarter. Allworth Financial LP now owns 2,789 shares of the company’s stock worth $190,000 after purchasing an additional 771 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.2 %

Shares of First Trust Long/Short Equity ETF stock opened at $67.87 on Wednesday. First Trust Long/Short Equity ETF has a 12-month low of $58.35 and a 12-month high of $69.94. The stock has a market cap of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62. The company has a 50-day moving average of $67.03 and a two-hundred day moving average of $65.02.

First Trust Long/Short Equity ETF 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.