First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,576 shares of the company’s stock after selling 787 shares during the period. Brookstone Capital Management’s holdings in First Trust Long/Short Equity ETF were worth $433,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Meadow Creek Wealth Advisors LLC boosted its position in First Trust Long/Short Equity ETF by 1.7% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 9,699 shares of the company’s stock worth $616,000 after purchasing an additional 165 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 4.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock valued at $331,000 after buying an additional 228 shares in the last quarter. GAMMA Investing LLC increased its holdings in First Trust Long/Short Equity ETF by 26.2% in the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after acquiring an additional 353 shares in the last quarter. Prospera Financial Services Inc raised its position in First Trust Long/Short Equity ETF by 4.2% during the third quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock worth $741,000 after acquiring an additional 474 shares during the period. Finally, Raymond James Trust N.A. lifted its holdings in First Trust Long/Short Equity ETF by 2.4% during the third quarter. Raymond James Trust N.A. now owns 20,465 shares of the company’s stock valued at $1,299,000 after purchasing an additional 477 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.4 %

Shares of NYSEARCA FTLS opened at $67.20 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The company’s 50-day simple moving average is $66.34 and its 200-day simple moving average is $64.28. First Trust Long/Short Equity ETF has a 52-week low of $57.30 and a 52-week high of $67.92.

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.