First Trust Long/Short Equity ETF $FTLS is IMG Wealth Management Inc.’s 5th Largest Position

IMG Wealth Management Inc. grew its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,307 shares of the company’s stock after buying an additional 8,734 shares during the quarter. First Trust Long/Short Equity ETF accounts for 4.0% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 5th largest holding. IMG Wealth Management Inc. owned 0.29% of First Trust Long/Short Equity ETF worth $6,269,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FTLS. Assetmark Inc. raised its position in First Trust Long/Short Equity ETF by 728.0% during the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after buying an additional 446,569 shares during the last quarter. Ameriprise Financial Inc. raised its position in First Trust Long/Short Equity ETF by 10.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after buying an additional 231,155 shares during the last quarter. Raymond James Financial Inc. raised its position in First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after buying an additional 209,579 shares during the last quarter. Merit Financial Group LLC raised its position in First Trust Long/Short Equity ETF by 159.4% during the 4th quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock worth $17,396,000 after buying an additional 150,598 shares during the last quarter. Finally, Tcfg Wealth Management LLC purchased a new position in First Trust Long/Short Equity ETF during the 3rd quarter worth $7,618,000.

First Trust Long/Short Equity ETF Stock Up 0.1%

Shares of FTLS opened at $74.25 on Friday. The company has a 50-day simple moving average of $71.67 and a 200-day simple moving average of $71.35. The company has a market capitalization of $2.30 billion, a PE ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 52-week low of $64.47 and a 52-week high of $74.79.

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.