Financial Advocates Investment Management Sells 1,472 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Financial Advocates Investment Management lowered its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,277 shares of the company’s stock after selling 1,472 shares during the period. Financial Advocates Investment Management owned approximately 0.06% of First Trust Long/Short Equity ETF worth $808,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. LPL Financial LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 9.7% in the 3rd quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after purchasing an additional 150,887 shares during the period. JPMorgan Chase & Co. raised its position in shares of First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after buying an additional 413,979 shares during the last quarter. World Investment Advisors LLC purchased a new position in First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $21,644,000. Private Advisor Group LLC boosted its stake in First Trust Long/Short Equity ETF by 8.0% during the third quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock worth $21,455,000 after buying an additional 25,151 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its position in shares of First Trust Long/Short Equity ETF by 15.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 311,985 shares of the company’s stock valued at $19,802,000 after acquiring an additional 41,617 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock opened at $67.51 on Friday. The stock has a 50 day moving average of $66.91 and a 200 day moving average of $64.73. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a fifty-two week low of $58.35 and a fifty-two week high of $69.94.

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.