First Trust Long/Short Equity ETF $FTLS Stock: WealthPlan Investment Management LLC Lowers Stake

WealthPlan Investment Management LLC lowered its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 12.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 94,314 shares of the company’s stock after selling 13,787 shares during the quarter. WealthPlan Investment Management LLC owned 0.28% of First Trust Long/Short Equity ETF worth $7,233,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of First Trust Long/Short Equity ETF by 2.2% in the first quarter. Royal Bank of Canada now owns 2,606,322 shares of the company’s stock worth $183,381,000 after purchasing an additional 57,245 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust Long/Short Equity ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock valued at $41,085,000 after buying an additional 31,515 shares during the period. Assetmark Inc. boosted its position in First Trust Long/Short Equity ETF by 9.3% during the 1st quarter. Assetmark Inc. now owns 555,229 shares of the company’s stock valued at $39,066,000 after buying an additional 47,314 shares during the period. CENTRAL TRUST Co boosted its position in First Trust Long/Short Equity ETF by 10.7% during the 1st quarter. CENTRAL TRUST Co now owns 468,069 shares of the company’s stock valued at $32,933,000 after buying an additional 45,426 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in First Trust Long/Short Equity ETF by 8.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 235,621 shares of the company’s stock valued at $17,408,000 after buying an additional 18,044 shares during the period.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock traded down $0.26 during trading hours on Thursday, reaching $77.26. The stock had a trading volume of 127,872 shares, compared to its average volume of 123,164. The stock has a market cap of $2.63 billion, a PE ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 52 week low of $68.45 and a 52 week high of $78.11. The company has a fifty day simple moving average of $76.67 and a 200-day simple moving average of $74.74.

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.