Coppell Advisory Solutions LLC Makes New $107,000 Investment in First Trust Long/Short Equity ETF $FTLS

Coppell Advisory Solutions LLC bought a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 2nd quarter, Holdings Channel reports. The firm bought 144,422 shares of the company’s stock, valued at approximately $107,000.

Several other hedge funds have also made changes to their positions in FTLS. Compass Financial Management LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 2nd quarter valued at approximately $112,000. Financial Designs Corp lifted its holdings in First Trust Long/Short Equity ETF by 23.1% in the second quarter. Financial Designs Corp now owns 5,062 shares of the company’s stock valued at $374,000 after acquiring an additional 951 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in First Trust Long/Short Equity ETF by 17.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 45,758 shares of the company’s stock worth $3,377,000 after acquiring an additional 6,720 shares during the period. FOCUS Wealth Advisors LLC grew its position in First Trust Long/Short Equity ETF by 2.7% in the second quarter. FOCUS Wealth Advisors LLC now owns 91,195 shares of the company’s stock worth $6,730,000 after acquiring an additional 2,385 shares during the period. Finally, CoreCap Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 14.5% during the second quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after acquiring an additional 185 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.7%

NYSEARCA:FTLS opened at $77.02 on Friday. First Trust Long/Short Equity ETF has a 52 week low of $67.65 and a 52 week high of $77.52. The company has a market capitalization of $2.53 billion, a P/E ratio of 21.59 and a beta of 0.50. The stock’s fifty day moving average is $75.27 and its two-hundred day moving average is $73.42.

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.