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

Fairway Wealth LLC trimmed its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,232 shares of the company’s stock after selling 178 shares during the quarter. Fairway Wealth LLC owned about 0.06% of First Trust Long/Short Equity ETF worth $703,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FTLS. Traction Financial Partners LLC bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth $213,000. Avestar Capital LLC increased its stake in First Trust Long/Short Equity ETF by 25.7% during the 4th quarter. Avestar Capital LLC now owns 47,758 shares of the company’s stock valued at $2,687,000 after buying an additional 9,769 shares during the period. Larson Financial Group LLC increased its stake in First Trust Long/Short Equity ETF by 44.2% during the 2nd quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock valued at $160,000 after buying an additional 785 shares during the period. SpiderRock Advisors LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the 1st quarter worth approximately $391,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in shares of First Trust Long/Short Equity ETF in the second quarter valued at approximately $718,000.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA FTLS opened at $62.74 on Tuesday. First Trust Long/Short Equity ETF has a 12 month low of $52.15 and a 12 month high of $63.87. The firm has a market capitalization of $1.25 billion, a PE ratio of 19.46 and a beta of 0.62. The company’s 50 day simple moving average is $62.59 and its 200 day simple moving average is $61.73.

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.