AE Wealth Management LLC Grows Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

AE Wealth Management LLC grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 120.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,219 shares of the company’s stock after acquiring an additional 14,887 shares during the period. AE Wealth Management LLC owned about 0.14% of First Trust Long/Short Equity ETF worth $1,704,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FTLS. Assetmark Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 140.9% in the fourth quarter. Assetmark Inc. now owns 9,362 shares of the company’s stock valued at $527,000 after acquiring an additional 5,475 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of First Trust Long/Short Equity ETF by 6.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,890 shares of the company’s stock valued at $781,000 after buying an additional 801 shares during the last quarter. Lcnb Corp lifted its stake in shares of First Trust Long/Short Equity ETF by 7.5% in the fourth quarter. Lcnb Corp now owns 88,541 shares of the company’s stock worth $4,981,000 after buying an additional 6,209 shares in the last quarter. Avestar Capital LLC boosted its position in First Trust Long/Short Equity ETF by 25.7% during the fourth quarter. Avestar Capital LLC now owns 47,758 shares of the company’s stock worth $2,687,000 after acquiring an additional 9,769 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its stake in First Trust Long/Short Equity ETF by 93.5% during the 4th quarter. Belpointe Asset Management LLC now owns 30,487 shares of the company’s stock valued at $1,715,000 after acquiring an additional 14,728 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $63.44 on Tuesday. The stock’s 50 day simple moving average is $62.59 and its 200-day simple moving average is $61.82. The stock has a market cap of $1.26 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 1-year low of $52.15 and a 1-year high of $63.87.

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.