Kingsview Wealth Management LLC Raises Position in First Trust Long/Short Equity ETF $FTLS

Kingsview Wealth Management LLC lifted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,522 shares of the company’s stock after purchasing an additional 11,629 shares during the period. Kingsview Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $6,284,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its position in shares of First Trust Long/Short Equity ETF by 87.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after purchasing an additional 186 shares in the last quarter. Burkett Financial Services LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the third quarter worth $28,000. Jones Financial Companies Lllp lifted its position in shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares in the last quarter. Rossby Financial LCC lifted its position in shares of First Trust Long/Short Equity ETF by 48.1% during the third quarter. Rossby Financial LCC now owns 693 shares of the company’s stock worth $49,000 after purchasing an additional 225 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of First Trust Long/Short Equity ETF by 801.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after acquiring an additional 1,307 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA FTLS opened at $74.39 on Friday. First Trust Long/Short Equity ETF has a 1 year low of $64.63 and a 1 year high of $74.95. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51. The stock’s 50-day simple moving average is $72.51 and its 200-day simple moving average is $71.59.

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.