Coppell Advisory Solutions LLC Grows Stake in First Trust Long/Short Equity ETF $FTLS

Coppell Advisory Solutions LLC increased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 29.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,591 shares of the company’s stock after acquiring an additional 26,801 shares during the period. First Trust Long/Short Equity ETF comprises about 0.9% of Coppell Advisory Solutions LLC’s investment portfolio, making the stock its 27th biggest holding. Coppell Advisory Solutions LLC’s holdings in First Trust Long/Short Equity ETF were worth $7,699,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FTLS. Ameriprise Financial Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 31.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,186,306 shares of the company’s stock valued at $140,116,000 after purchasing an additional 523,615 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 45.2% in the second 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. Royal Bank of Canada grew its position in First Trust Long/Short Equity ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock valued at $126,261,000 after buying an additional 196,268 shares during the period. Comerica Bank increased its holdings in First Trust Long/Short Equity ETF by 158.5% during the first quarter. Comerica Bank now owns 129,947 shares of the company’s stock valued at $8,327,000 after buying an additional 79,673 shares during the last quarter. Finally, WealthPlan Investment Management LLC raised its position in First Trust Long/Short Equity ETF by 47.3% in the second quarter. WealthPlan Investment Management LLC now owns 215,979 shares of the company’s stock worth $14,315,000 after acquiring an additional 69,353 shares during the period.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $70.70 on Friday. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.01. The company’s fifty day simple moving average is $70.56 and its 200-day simple moving average is $68.26. The stock has a market capitalization of $2.06 billion, a PE ratio of 21.59 and a beta of 0.48.

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.