First Trust Long/Short Equity ETF $FTLS Shares Sold by Iams Wealth Management LLC

Iams Wealth Management LLC lessened its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,658 shares of the company’s stock after selling 1,106 shares during the quarter. Iams Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in First Trust Long/Short Equity ETF by 100.8% during the first quarter. National Bank of Canada FI now owns 1,305 shares of the company’s stock valued at $83,000 after purchasing an additional 655 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in First Trust Long/Short Equity ETF by 77.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,658 shares of the company’s stock valued at $3,567,000 after purchasing an additional 24,290 shares in the last quarter. Simplicity Wealth LLC purchased a new position in First Trust Long/Short Equity ETF during the first quarter valued at $1,126,000. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Long/Short Equity ETF by 15.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 218,757 shares of the company’s stock valued at $14,018,000 after purchasing an additional 29,778 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in First Trust Long/Short Equity ETF by 23.9% during the first quarter. Ameritas Advisory Services LLC now owns 21,904 shares of the company’s stock valued at $1,409,000 after purchasing an additional 4,222 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.5%

FTLS opened at $69.47 on Monday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $69.94. The firm’s fifty day simple moving average is $67.34 and its two-hundred day simple moving average is $65.37.

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.