Assetmark Inc. Trims Position in First Trust Long/Short Equity ETF $FTLS

Assetmark Inc. cut its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 17.3% during the third quarter, Holdings Channel.com reports. The firm owned 61,346 shares of the company’s stock after selling 12,801 shares during the quarter. Assetmark Inc.’s holdings in First Trust Long/Short Equity ETF were worth $4,291,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FTLS. CENTRAL TRUST Co increased its holdings in First Trust Long/Short Equity ETF by 12.1% in the 2nd quarter. CENTRAL TRUST Co now owns 414,753 shares of the company’s stock valued at $27,490,000 after purchasing an additional 44,609 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in First Trust Long/Short Equity ETF by 22.2% during the third quarter. Commonwealth Equity Services LLC now owns 114,314 shares of the company’s stock worth $7,996,000 after purchasing an additional 20,793 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 1.5% during the third quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock worth $41,150,000 after buying an additional 8,523 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of First Trust Long/Short Equity ETF in the second quarter valued at $1,870,000. Finally, World Equity Group Inc. raised its holdings in shares of First Trust Long/Short Equity ETF by 9.8% in the 3rd quarter. World Equity Group Inc. now owns 287,710 shares of the company’s stock valued at $20,125,000 after buying an additional 25,744 shares during the period.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $70.83 on Wednesday. The stock 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 moving average of $71.25 and a 200 day moving average of $70.05. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $72.39.

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.