Centric Wealth Management Raises Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Centric Wealth Management boosted its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,937 shares of the company’s stock after purchasing an additional 1,295 shares during the quarter. First Trust Long/Short Equity ETF comprises 2.3% of Centric Wealth Management’s investment portfolio, making the stock its 7th biggest position. Centric Wealth Management owned 0.66% of First Trust Long/Short Equity ETF worth $8,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. StoneX Group Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 7.6% in the 4th quarter. StoneX Group Inc. now owns 10,900 shares of the company’s stock valued at $717,000 after purchasing an additional 773 shares during the last quarter. Tucker Asset Management LLC boosted its stake in First Trust Long/Short Equity ETF by 45.7% in the fourth quarter. Tucker Asset Management LLC now owns 861 shares of the company’s stock valued at $57,000 after buying an additional 270 shares in the last quarter. JPMorgan Chase & Co. grew its position in First Trust Long/Short Equity ETF by 81.2% in the fourth quarter. JPMorgan Chase & Co. now owns 768,382 shares of the company’s stock valued at $50,567,000 after acquiring an additional 344,423 shares during the last quarter. Graney & King LLC acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth about $194,000. Finally, Ausdal Financial Partners Inc. bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $257,000.

First Trust Long/Short Equity ETF Trading Up 1.0 %

Shares of First Trust Long/Short Equity ETF stock opened at $64.08 on Tuesday. The firm has a market capitalization of $1.91 billion, a PE ratio of 24.26 and a beta of 0.50. The firm’s 50 day moving average is $66.09 and its 200 day moving average is $65.55. First Trust Long/Short Equity ETF has a 1 year low of $58.92 and a 1 year high of $69.94.

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.