Cornerstone Planning Group LLC Has $17.41 Million Stock Position in First Trust Long/Short Equity ETF $FTLS

Cornerstone Planning Group LLC increased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,621 shares of the company’s stock after purchasing an additional 18,044 shares during the period. First Trust Long/Short Equity ETF makes up about 2.4% of Cornerstone Planning Group LLC’s holdings, making the stock its 10th biggest holding. Cornerstone Planning Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $17,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidemark LLC bought a new stake in First Trust Long/Short Equity ETF in the fourth quarter worth $29,000. Jones Financial Companies Lllp boosted its position 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 valued at $30,000 after buying an additional 468 shares during the period. Rossby Financial LCC grew its stake in shares of First Trust Long/Short Equity ETF by 25.4% during the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock valued at $62,000 after buying an additional 176 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 801.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock valued at $104,000 after buying an additional 1,307 shares during the last quarter. Finally, Smartleaf Asset Management LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $115,000.

First Trust Long/Short Equity ETF Trading Up 0.2%

FTLS opened at $74.70 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $65.84 and a 12 month high of $75.14. The business’s 50-day moving average price is $74.23 and its 200-day moving average price is $72.35. The company has a market cap of $2.45 billion, a P/E ratio of 21.59 and a beta of 0.50.

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.