Apollon Wealth Management LLC Raises Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Apollon Wealth Management LLC boosted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,694 shares of the company’s stock after acquiring an additional 1,098 shares during the period. Apollon Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTLS. Meadow Creek Wealth Advisors LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 1.7% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 9,699 shares of the company’s stock valued at $616,000 after purchasing an additional 165 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in First Trust Long/Short Equity ETF by 4.2% in the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after acquiring an additional 191 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 4.6% in the third quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock worth $331,000 after acquiring an additional 228 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of First Trust Long/Short Equity ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after acquiring an additional 353 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 4.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock valued at $597,000 after acquiring an additional 422 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $67.51 on Monday. First Trust Long/Short Equity ETF has a 1 year low of $58.35 and a 1 year high of $69.94. The firm’s 50-day moving average is $66.93 and its 200 day moving average is $64.79. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

About First Trust Long/Short Equity ETF

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.