ICA Group Wealth Management LLC Takes Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

ICA Group Wealth Management LLC bought a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,506 shares of the company’s stock, valued at approximately $197,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI raised its position in shares of First Trust Long/Short Equity ETF by 127.7% during the 4th quarter. National Bank of Canada FI now owns 535 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $100,000. Allworth Financial LP acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $114,000. Traction Financial Partners LLC acquired a new stake in First Trust Long/Short Equity ETF in the fourth quarter worth $213,000. Finally, Western Wealth Management LLC increased its position in First Trust Long/Short Equity ETF by 8.2% in the fourth quarter. Western Wealth Management LLC now owns 4,116 shares of the company’s stock worth $232,000 after buying an additional 312 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA:FTLS traded down $0.20 on Monday, hitting $62.30. The company’s stock had a trading volume of 3,112 shares, compared to its average volume of 128,790. First Trust Long/Short Equity ETF has a 12 month low of $51.75 and a 12 month high of $62.51. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The stock’s 50-day moving average is $60.82 and its two-hundred day moving average is $59.42.

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.