LFA Lugano Financial Advisors SA Decreases Stake in First Trust Long/Short Equity ETF $FTLS

LFA Lugano Financial Advisors SA lessened its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,078 shares of the company’s stock after selling 7,223 shares during the period. First Trust Long/Short Equity ETF accounts for approximately 1.8% of LFA Lugano Financial Advisors SA’s investment portfolio, making the stock its 12th biggest position. LFA Lugano Financial Advisors SA owned about 0.17% of First Trust Long/Short Equity ETF worth $3,664,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Burkett Financial Services LLC acquired a new position in First Trust Long/Short Equity ETF during the third quarter worth $28,000. Tidemark LLC purchased a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at $29,000. Jones Financial Companies Lllp increased its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after acquiring an additional 468 shares during the last quarter. Rossby Financial LCC raised its holdings in shares of First Trust Long/Short Equity ETF by 25.4% during the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after acquiring an additional 176 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of First Trust Long/Short Equity ETF by 801.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after acquiring an additional 1,307 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $74.68 on Wednesday. First Trust Long/Short Equity ETF has a one year low of $65.56 and a one year high of $75.14. The firm has a market cap of $2.45 billion, a PE ratio of 21.59 and a beta of 0.50. The firm’s 50 day moving average price is $74.19 and its 200-day moving average price is $72.29.

About First Trust Long/Short Equity ETF

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.