First Trust Long/Short Equity ETF $FTLS Position Increased by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 34.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,693 shares of the company’s stock after purchasing an additional 10,908 shares during the period. Simplicity Wealth LLC owned 0.14% of First Trust Long/Short Equity ETF worth $3,004,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of First Trust Long/Short Equity ETF by 1.5% during the 4th quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock valued at $372,876,000 after buying an additional 78,397 shares during the last quarter. Royal Bank of Canada raised its position in First Trust Long/Short Equity ETF by 3.2% during the fourth quarter. Royal Bank of Canada now owns 2,549,077 shares of the company’s stock valued at $180,959,000 after acquiring an additional 78,470 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in First Trust Long/Short Equity ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after acquiring an additional 231,155 shares during the last quarter. LPL Financial LLC grew its position in First Trust Long/Short Equity ETF by 6.7% in the fourth quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock worth $170,200,000 after acquiring an additional 149,648 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after purchasing an additional 209,579 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock traded up $0.03 during midday trading on Friday, reaching $74.71. 130,803 shares of the company’s stock traded hands, compared to its average volume of 115,612. First Trust Long/Short Equity ETF has a 52 week low of $65.56 and a 52 week high of $75.11. The company’s 50 day simple moving average is $74.16 and its 200 day simple moving average is $72.24. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50.

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.