Koshinski Asset Management Inc. Has $5.83 Million Stake in First Trust Long/Short Equity ETF $FTLS

Koshinski Asset Management Inc. boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 48.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 83,355 shares of the company’s stock after buying an additional 27,174 shares during the quarter. Koshinski Asset Management Inc.’s holdings in First Trust Long/Short Equity ETF were worth $5,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rossby Financial LCC increased its stake in shares of First Trust Long/Short Equity ETF by 48.1% during the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock worth $49,000 after purchasing an additional 225 shares during the last quarter. Fiscal Wisdom Wealth Management LLC bought a new position in First Trust Long/Short Equity ETF during the third quarter worth about $221,000. Wealthcare Advisory Partners LLC increased its position in First Trust Long/Short Equity ETF by 25.7% during the third quarter. Wealthcare Advisory Partners LLC now owns 4,011 shares of the company’s stock worth $281,000 after buying an additional 819 shares during the last quarter. SMART Wealth LLC raised its stake in First Trust Long/Short Equity ETF by 18.1% in the third quarter. SMART Wealth LLC now owns 24,063 shares of the company’s stock valued at $1,683,000 after buying an additional 3,696 shares during the period. Finally, HighTower Advisors LLC raised its stake in First Trust Long/Short Equity ETF by 0.6% in the third quarter. HighTower Advisors LLC now owns 187,558 shares of the company’s stock valued at $13,122,000 after buying an additional 1,072 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.5%

FTLS opened at $71.20 on Friday. First Trust Long/Short Equity ETF has a 12-month low of $58.90 and a 12-month high of $72.39. The business has a 50 day moving average of $71.25 and a 200-day moving average of $70.13. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48.

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.