StoneX Group Inc. Sells 38,802 Shares of First Trust Long/Short Equity ETF $FTLS

StoneX Group Inc. cut its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 75.9% in the third quarter, Holdings Channel reports. The firm owned 12,292 shares of the company’s stock after selling 38,802 shares during the quarter. StoneX Group Inc.’s holdings in First Trust Long/Short Equity ETF were worth $942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in First Trust Long/Short Equity ETF by 2.2% in the first quarter. Royal Bank of Canada now owns 2,606,322 shares of the company’s stock valued at $183,381,000 after buying an additional 57,245 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Long/Short Equity ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock worth $41,085,000 after buying an additional 31,515 shares during the period. Assetmark Inc. grew its position in shares of First Trust Long/Short Equity ETF by 9.3% during the 1st quarter. Assetmark Inc. now owns 555,229 shares of the company’s stock worth $39,066,000 after buying an additional 47,314 shares during the period. Cornerstone Planning Group LLC grew its position in shares of First Trust Long/Short Equity ETF by 8.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 235,621 shares of the company’s stock worth $17,408,000 after buying an additional 18,044 shares during the period. Finally, Hobart Private Capital LLC increased its stake in shares of First Trust Long/Short Equity ETF by 6.9% in the 2nd quarter. Hobart Private Capital LLC now owns 217,929 shares of the company’s stock valued at $16,083,000 after acquiring an additional 14,097 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $75.03 on Tuesday. The stock has a market cap of $2.59 billion, a PE ratio of 24.12 and a beta of 0.49. The stock has a 50-day moving average of $76.76 and a 200-day moving average of $74.04. First Trust Long/Short Equity ETF has a one year low of $69.21 and a one year high of $78.11.

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.