Tcfg Wealth Management LLC Takes $7.62 Million Position in First Trust Long/Short Equity ETF $FTLS

Tcfg Wealth Management LLC acquired a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 3rd quarter, Holdings Channel reports. The fund acquired 108,905 shares of the company’s stock, valued at approximately $7,618,000. First Trust Long/Short Equity ETF makes up approximately 1.9% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the third quarter worth $25,000. GPS Wealth Strategies Group LLC boosted its stake in First Trust Long/Short Equity ETF by 87.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after buying an additional 186 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in 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 buying an additional 468 shares during the last quarter. Rossby Financial LCC grew its holdings in First Trust Long/Short Equity ETF by 48.1% in the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after buying an additional 225 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $79,000.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $69.51 on Thursday. The firm’s 50-day simple moving average is $71.07 and its 200-day simple moving average is $70.54. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.39. The firm has a market cap of $2.13 billion, a P/E ratio of 21.59 and a beta of 0.48.

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.