First Trust Long/Short Equity ETF $FTLS Stock: IMG Wealth Management Inc. Increases Holdings

IMG Wealth Management Inc. boosted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 15.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 116,836 shares of the company’s stock after purchasing an additional 15,811 shares during the quarter. First Trust Long/Short Equity ETF accounts for about 5.0% of IMG Wealth Management Inc.’s holdings, making the stock its 5th biggest position. IMG Wealth Management Inc.’s holdings in First Trust Long/Short Equity ETF were worth $8,960,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in 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 buying an additional 145 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 14.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock valued at $108,000 after purchasing an additional 185 shares during the period. HBW Advisory Services LLC increased its stake in First Trust Long/Short Equity ETF by 2.8% during the first quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock valued at $481,000 after acquiring an additional 186 shares during the period. Sigma Planning Corp raised its stake in shares of First Trust Long/Short Equity ETF by 0.6% in the first quarter. Sigma Planning Corp now owns 38,410 shares of the company’s stock valued at $2,702,000 after purchasing an additional 240 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in First Trust Long/Short Equity ETF by 2.8% during the second quarter. Concurrent Investment Advisors LLC now owns 10,013 shares of the company’s stock worth $739,000 after purchasing an additional 269 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.2%

Shares of First Trust Long/Short Equity ETF stock opened at $77.30 on Wednesday. The stock has a market capitalization of $2.65 billion, a P/E ratio of 21.59 and a beta of 0.50. The company has a 50-day simple moving average of $76.85 and a 200 day simple moving average of $73.83. First Trust Long/Short Equity ETF has a 12-month low of $69.21 and a 12-month high of $78.11.

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.