Wellington Altus USA Inc. Sells 16,640 Shares of First Trust Long/Short Equity ETF $FTLS

Wellington Altus USA Inc. decreased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 83.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,202 shares of the company’s stock after selling 16,640 shares during the period. Wellington Altus USA Inc.’s holdings in First Trust Long/Short Equity ETF were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 0.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 43,603 shares of the company’s stock worth $3,218,000 after purchasing an additional 145 shares during the period. RFG Advisory LLC boosted its position in First Trust Long/Short Equity ETF by 32.5% during the second quarter. RFG Advisory LLC now owns 101,273 shares of the company’s stock worth $7,474,000 after purchasing an additional 24,861 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of First Trust Long/Short Equity ETF by 114.9% in the second quarter. Ameritas Advisory Services LLC now owns 12,519 shares of the company’s stock worth $924,000 after purchasing an additional 6,693 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the second quarter valued at approximately $112,000. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 2.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,013 shares of the company’s stock valued at $739,000 after buying an additional 269 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.9%

FTLS traded up $0.67 on Thursday, hitting $76.65. The company’s stock had a trading volume of 193,567 shares, compared to its average volume of 116,808. First Trust Long/Short Equity ETF has a 12 month low of $67.94 and a 12 month high of $77.52. The firm has a market cap of $2.52 billion, a P/E ratio of 21.59 and a beta of 0.50. The company’s 50 day simple moving average is $75.74 and its 200-day simple moving average is $73.75.

First Trust Long/Short Equity ETF 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.