First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Position Boosted by Sowell Financial Services LLC

Sowell Financial Services LLC raised its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,699 shares of the company’s stock after acquiring an additional 11,247 shares during the quarter. Sowell Financial Services LLC owned approximately 0.33% of First Trust Long/Short Equity ETF worth $4,258,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Ethos Financial Group LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 4,297.8% during the 4th quarter. Ethos Financial Group LLC now owns 156,299 shares of the company’s stock valued at $10,286,000 after buying an additional 152,745 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. lifted its holdings in shares of First Trust Long/Short Equity ETF by 6.3% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 132,513 shares of the company’s stock valued at $8,721,000 after buying an additional 7,902 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at about $16,769,000. Assetmark Inc. lifted its holdings in shares of First Trust Long/Short Equity ETF by 8.5% during the 4th quarter. Assetmark Inc. now owns 54,333 shares of the company’s stock valued at $3,576,000 after buying an additional 4,240 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at about $96,000.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $64.98 on Friday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 24.12 and a beta of 0.50. First Trust Long/Short Equity ETF has a 52-week low of $58.92 and a 52-week high of $69.94. The stock has a 50-day simple moving average of $66.85 and a 200-day simple moving average of $65.39.

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.