WCG Wealth Advisors LLC Invests $889,000 in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

WCG Wealth Advisors LLC purchased a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,203 shares of the company’s stock, valued at approximately $889,000. WCG Wealth Advisors LLC owned 0.07% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. LPL Financial LLC increased its holdings in First Trust Long/Short Equity ETF by 27.3% during the 2nd quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock valued at $97,766,000 after purchasing an additional 335,072 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Trust Long/Short Equity ETF by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 522,659 shares of the company’s stock valued at $32,713,000 after purchasing an additional 19,922 shares during the period. Private Advisor Group LLC increased its holdings in First Trust Long/Short Equity ETF by 3.3% during the 2nd quarter. Private Advisor Group LLC now owns 312,882 shares of the company’s stock valued at $19,583,000 after purchasing an additional 10,020 shares during the period. Cetera Investment Advisers increased its holdings in First Trust Long/Short Equity ETF by 557.2% during the 1st quarter. Cetera Investment Advisers now owns 283,043 shares of the company’s stock valued at $17,452,000 after purchasing an additional 239,972 shares during the period. Finally, Financial Enhancement Group LLC increased its holdings in First Trust Long/Short Equity ETF by 3.4% during the 2nd quarter. Financial Enhancement Group LLC now owns 270,368 shares of the company’s stock valued at $16,922,000 after purchasing an additional 9,012 shares during the period.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA:FTLS opened at $63.57 on Friday. First Trust Long/Short Equity ETF has a 1 year low of $52.15 and a 1 year high of $63.87. The company has a market cap of $1.26 billion, a PE ratio of 19.46 and a beta of 0.62. The stock’s 50-day moving average is $62.58 and its 200 day moving average is $61.77.

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.