WealthPlan Investment Management LLC Reduces Stock Position in First Trust Long/Short Equity ETF $FTLS

WealthPlan Investment Management LLC lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 14.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 185,142 shares of the company’s stock after selling 31,263 shares during the period. WealthPlan Investment Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $13,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Long/Short Equity ETF by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock worth $41,150,000 after purchasing an additional 8,523 shares during the period. Assetmark Inc. lifted its stake in shares of First Trust Long/Short Equity ETF by 728.0% in the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after purchasing an additional 446,569 shares during the period. Center For Asset Management LLC bought a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter worth approximately $2,965,000. Tcfg Wealth Management LLC bought a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $7,618,000. Finally, Ethos Financial Group LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 6.1% in the 4th quarter. Ethos Financial Group LLC now owns 182,136 shares of the company’s stock worth $12,930,000 after purchasing an additional 10,414 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.1%

Shares of NYSEARCA:FTLS opened at $74.25 on Friday. The firm’s 50 day moving average price is $71.67 and its 200-day moving average price is $71.35. First Trust Long/Short Equity ETF has a twelve month low of $64.47 and a twelve month high of $74.79. The stock has a market capitalization of $2.30 billion, a PE 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.