TAP Consulting LLC Boosts Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

TAP Consulting LLC grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,530 shares of the company’s stock after purchasing an additional 186 shares during the quarter. TAP Consulting LLC owned about 0.23% of First Trust Long/Short Equity ETF worth $1,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at about $10,664,000. WealthPlan Investment Management LLC increased its holdings in First Trust Long/Short Equity ETF by 1,064.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 192,751 shares of the company’s stock worth $10,245,000 after buying an additional 176,193 shares during the period. CENTRAL TRUST Co lifted its stake in First Trust Long/Short Equity ETF by 49.1% during the 4th quarter. CENTRAL TRUST Co now owns 366,284 shares of the company’s stock valued at $20,607,000 after acquiring an additional 120,693 shares during the period. Private Advisor Group LLC increased its stake in shares of First Trust Long/Short Equity ETF by 137.5% in the third quarter. Private Advisor Group LLC now owns 205,288 shares of the company’s stock worth $10,911,000 after acquiring an additional 118,858 shares during the period. Finally, Truist Financial Corp lifted its position in First Trust Long/Short Equity ETF by 22.3% during the third quarter. Truist Financial Corp now owns 481,772 shares of the company’s stock valued at $25,606,000 after purchasing an additional 87,779 shares during the period.

First Trust Long/Short Equity ETF Trading Down 0.1 %

FTLS traded down $0.03 during midday trading on Thursday, hitting $59.72. 68,210 shares of the company were exchanged, compared to its average volume of 130,786. First Trust Long/Short Equity ETF has a 1-year low of $50.74 and a 1-year high of $61.85. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.96 and a beta of 0.59. The company’s 50 day simple moving average is $60.57 and its 200 day simple moving average is $57.56.

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.