108,905 Shares in First Trust Long/Short Equity ETF $FTLS Acquired by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC bought a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 108,905 shares of the company’s stock, valued at approximately $7,618,000. First Trust Long/Short Equity ETF accounts for about 0.6% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Tcfg Wealth Management LLC owned approximately 0.37% of First Trust Long/Short Equity ETF at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth $25,000. GPS Wealth Strategies Group LLC increased its position in First Trust Long/Short Equity ETF by 87.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock valued at $28,000 after acquiring an additional 186 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 468 shares during the period. Rossby Financial LCC lifted its holdings in First Trust Long/Short Equity ETF by 48.1% in the third quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after acquiring an additional 225 shares during the period. Finally, Salem Investment Counselors Inc. purchased a new position in First Trust Long/Short Equity ETF in the third quarter worth about $79,000.

First Trust Long/Short Equity ETF Stock Up 0.1%

First Trust Long/Short Equity ETF stock opened at $70.10 on Wednesday. The business has a 50-day simple moving average of $71.10 and a two-hundred day simple moving average of $70.55. The company has a market cap of $2.15 billion, a P/E ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $72.39.

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.