IMG Wealth Management Inc. Takes $3.89 Million Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

IMG Wealth Management Inc. bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,068 shares of the company’s stock, valued at approximately $3,887,000. First Trust Long/Short Equity ETF accounts for 3.6% of IMG Wealth Management Inc.’s holdings, making the stock its 9th biggest holding. IMG Wealth Management Inc. owned about 0.30% of First Trust Long/Short Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $34,000. Comprehensive Financial Planning Inc. PA purchased a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at about $36,000. Blue Trust Inc. acquired a new stake in First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $52,000. US Bancorp DE purchased a new stake in First Trust Long/Short Equity ETF during the 4th quarter worth approximately $62,000. Finally, Principal Securities Inc. raised its position in shares of First Trust Long/Short Equity ETF by 31.9% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after purchasing an additional 231 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 1.1 %

First Trust Long/Short Equity ETF stock opened at $64.14 on Friday. The company’s 50-day moving average price is $66.64 and its two-hundred day moving average price is $65.41. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 24.12 and a beta of 0.50. First Trust Long/Short Equity ETF has a 52 week low of $58.92 and a 52 week high of $69.94.

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.