Laurel Oak Wealth Management LLC Grows Stake in First Trust Long/Short Equity ETF $FTLS

Laurel Oak Wealth Management LLC boosted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 350.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,602 shares of the company’s stock after purchasing an additional 10,580 shares during the quarter. Laurel Oak Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTLS. Morgan Stanley boosted its stake in First Trust Long/Short Equity ETF by 1.5% in the 4th quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock worth $372,876,000 after purchasing an additional 78,397 shares during the period. Royal Bank of Canada grew its holdings in First Trust Long/Short Equity ETF by 3.2% during the 4th quarter. Royal Bank of Canada now owns 2,549,077 shares of the company’s stock valued at $180,959,000 after buying an additional 78,470 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of First Trust Long/Short Equity ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after buying an additional 231,155 shares during the last quarter. LPL Financial LLC raised its position in shares of First Trust Long/Short Equity ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock valued at $170,200,000 after buying an additional 149,648 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of First Trust Long/Short Equity ETF by 45.2% during the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock valued at $44,633,000 after buying an additional 209,579 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $73.07 on Friday. First Trust Long/Short Equity ETF has a one year low of $65.56 and a one year high of $75.11. The company’s fifty day moving average price is $73.88 and its 200-day moving average price is $72.02. The company has a market capitalization of $2.26 billion, a PE ratio of 21.59 and a beta of 0.50.

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.