First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,333 shares of the company’s stock after purchasing an additional 4,240 shares during the quarter. Assetmark Inc. owned approximately 0.27% of First Trust Long/Short Equity ETF worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FTLS. Janney Montgomery Scott LLC increased its stake in First Trust Long/Short Equity ETF by 32.1% during the third quarter. Janney Montgomery Scott LLC now owns 47,589 shares of the company’s stock worth $3,020,000 after acquiring an additional 11,559 shares during the last quarter. Atria Investments Inc increased its stake in First Trust Long/Short Equity ETF by 10.7% during the third quarter. Atria Investments Inc now owns 25,629 shares of the company’s stock worth $1,627,000 after acquiring an additional 2,474 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its stake in First Trust Long/Short Equity ETF by 24.4% during the third quarter. Legacy Capital Wealth Partners LLC now owns 14,277 shares of the company’s stock worth $906,000 after acquiring an additional 2,802 shares during the last quarter. Apollon Wealth Management LLC increased its stake in First Trust Long/Short Equity ETF by 205.2% during the third quarter. Apollon Wealth Management LLC now owns 27,596 shares of the company’s stock worth $1,751,000 after acquiring an additional 18,554 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in First Trust Long/Short Equity ETF by 205.9% during the third quarter. Harbour Investments Inc. now owns 42,161 shares of the company’s stock worth $2,676,000 after acquiring an additional 28,379 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA:FTLS opened at $64.98 on Monday. The firm has a market capitalization of $1.91 billion, a PE ratio of 24.12 and a beta of 0.50. The business has a 50-day moving average of $66.85 and a two-hundred day moving average of $65.41. First Trust Long/Short Equity ETF has a 12 month low of $58.92 and a 12 month high of $69.94.

About First Trust Long/Short Equity ETF

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.