Ameritas Advisory Services LLC Sells 10,238 Shares of First Trust Long/Short Equity ETF $FTLS

Ameritas Advisory Services LLC decreased its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 80.3% during the third quarter, Holdings Channel.com reports. The firm owned 2,510 shares of the company’s stock after selling 10,238 shares during the period. Ameritas Advisory Services LLC’s holdings in First Trust Long/Short Equity ETF were worth $176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FTLS. Root Financial Partners LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth about $25,000. Creekmur Asset Management LLC purchased a new position in First Trust Long/Short Equity ETF in the second quarter worth about $27,000. GPS Wealth Strategies Group LLC grew its position in First Trust Long/Short Equity ETF by 87.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after acquiring an additional 186 shares in the last quarter. Jones Financial Companies Lllp increased its stake in First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after acquiring an additional 468 shares during the last quarter. Finally, Salem Investment Counselors Inc. purchased a new stake in First Trust Long/Short Equity ETF during the third quarter valued at approximately $79,000.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS opened at $70.83 on Wednesday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. The business has a 50 day simple moving average of $71.25 and a 200-day simple moving average of $70.05. First Trust Long/Short Equity ETF has a 1 year low of $58.90 and a 1 year high of $72.39.

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.