Kestra Private Wealth Services LLC Reduces Stock Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Kestra Private Wealth Services LLC lessened its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,154 shares of the company’s stock after selling 699 shares during the period. Kestra Private Wealth Services LLC owned 0.12% of First Trust Long/Short Equity ETF worth $1,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FTLS. Meadow Creek Wealth Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 1.7% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 9,699 shares of the company’s stock valued at $616,000 after acquiring an additional 165 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of First Trust Long/Short Equity ETF by 4.2% in the 4th quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after purchasing an additional 191 shares during the period. Moors & Cabot Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 4.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock valued at $331,000 after purchasing an additional 228 shares in the last quarter. 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 valued at $112,000 after buying an additional 353 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in First Trust Long/Short Equity ETF by 4.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after buying an additional 422 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $67.43 on Thursday. First Trust Long/Short Equity ETF has a fifty-two week low of $58.35 and a fifty-two week high of $69.94. The stock’s 50 day simple moving average is $66.98 and its two-hundred day simple moving average is $64.89. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.