WealthPLAN Partners LLC Sells 65,828 Shares of First Trust Long/Short Equity ETF $FTLS

WealthPLAN Partners LLC trimmed its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 39.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,265 shares of the company’s stock after selling 65,828 shares during the period. First Trust Long/Short Equity ETF makes up 1.1% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 20th largest holding. WealthPLAN Partners LLC owned about 0.34% of First Trust Long/Short Equity ETF worth $6,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 18.5% during the 1st quarter. LPL Financial LLC now owns 2,260,242 shares of the company’s stock worth $144,836,000 after buying an additional 352,687 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of First Trust Long/Short Equity ETF by 31.5% during the first quarter. Ameriprise Financial Inc. now owns 2,186,306 shares of the company’s stock worth $140,116,000 after purchasing an additional 523,615 shares during the period. Royal Bank of Canada raised its position in shares of First Trust Long/Short Equity ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock worth $126,261,000 after purchasing an additional 196,268 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Long/Short Equity ETF by 8.4% during the first quarter. Cetera Investment Advisers now owns 586,842 shares of the company’s stock worth $37,605,000 after purchasing an additional 45,451 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust Long/Short Equity ETF by 4.8% during the first quarter. Envestnet Asset Management Inc. now owns 534,076 shares of the company’s stock worth $34,224,000 after purchasing an additional 24,540 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.2%

Shares of NYSEARCA:FTLS opened at $69.07 on Thursday. First Trust Long/Short Equity ETF has a twelve month low of $58.90 and a twelve month high of $70.49. The stock’s 50 day moving average is $68.49 and its 200-day moving average is $66.03. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51.

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.