First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC trimmed its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,424 shares of the company’s stock after selling 3,796 shares during the period. Modern Wealth Management LLC owned about 0.70% of First Trust Long/Short Equity ETF worth $9,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FTLS. JPMorgan Chase & Co. lifted its stake in First Trust Long/Short Equity ETF by 4,148.1% during 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 in the last quarter. World Investment Advisors LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at approximately $21,644,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at approximately $16,769,000. LPL Financial LLC lifted its position in shares of First Trust Long/Short Equity ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 1,907,555 shares of the company’s stock valued at $125,536,000 after acquiring an additional 194,659 shares in the last quarter. Finally, Ethos Financial Group LLC boosted its stake in First Trust Long/Short Equity ETF by 4,297.8% in the 4th quarter. Ethos Financial Group LLC now owns 156,299 shares of the company’s stock worth $10,286,000 after purchasing an additional 152,745 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $64.63 on Tuesday. The firm’s 50 day moving average price is $66.37 and its two-hundred day moving average price is $65.47. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 24.26 and a beta of 0.50. First Trust Long/Short Equity ETF has a twelve month low of $58.92 and a twelve month 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.