Grant GrossMendelsohn LLC Cuts Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Grant GrossMendelsohn LLC reduced its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 59.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,962 shares of the company’s stock after selling 10,229 shares during the quarter. Grant GrossMendelsohn LLC’s holdings in First Trust Long/Short Equity ETF were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FTLS. UMB Bank n.a. bought a new stake in shares of First Trust Long/Short Equity ETF in the 3rd quarter valued at about $35,000. NBC Securities Inc. grew its holdings in First Trust Long/Short Equity ETF by 184.2% in the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after purchasing an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in First Trust Long/Short Equity ETF in the third quarter worth $75,000. GAMMA Investing LLC increased its position in shares of First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after purchasing an additional 353 shares in the last quarter. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 2nd quarter valued at $203,000.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA:FTLS opened at $67.20 on Friday. The business’s 50-day moving average is $66.34 and its 200 day moving average is $64.28. First Trust Long/Short Equity ETF has a 1 year low of $57.30 and a 1 year high of $67.92. The firm has a market capitalization of $1.33 billion, a P/E ratio of 19.46 and a beta of 0.62.

First Trust Long/Short Equity ETF Company 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.