Atria Wealth Solutions Inc. Cuts Stock Position in First Trust Long/Short Equity ETF $FTLS

Atria Wealth Solutions Inc. lessened its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 69.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,318 shares of the company’s stock after selling 27,735 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in First Trust Long/Short Equity ETF were worth $816,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. LPL Financial LLC raised its stake in shares of First Trust Long/Short Equity ETF by 18.5% during the first quarter. LPL Financial LLC now owns 2,260,242 shares of the company’s stock worth $144,836,000 after purchasing an additional 352,687 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 31.5% during the first quarter. Ameriprise Financial Inc. now owns 2,186,306 shares of the company’s stock worth $140,116,000 after purchasing an additional 523,615 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Long/Short Equity ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock worth $126,261,000 after purchasing an additional 196,268 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Long/Short Equity ETF by 8.4% during the first quarter. Cetera Investment Advisers now owns 586,842 shares of the company’s stock worth $37,605,000 after purchasing an additional 45,451 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 4.8% during the first quarter. Envestnet Asset Management Inc. now owns 534,076 shares of the company’s stock worth $34,224,000 after purchasing an additional 24,540 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $69.31 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $70.49. The business has a 50 day simple moving average of $68.58 and a 200-day simple moving average of $66.11. The stock has a market capitalization of $2.00 billion, a PE ratio of 21.59 and a beta of 0.51.

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.