Koshinski Asset Management Inc. Decreases Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Koshinski Asset Management Inc. reduced its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,493 shares of the company’s stock after selling 965 shares during the quarter. Koshinski Asset Management Inc. owned 0.23% of First Trust Long/Short Equity ETF worth $2,994,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. purchased a new position in First Trust Long/Short Equity ETF in the third quarter valued at about $35,000. NBC Securities Inc. raised its holdings in shares of First Trust Long/Short Equity ETF by 184.2% in the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after purchasing an additional 523 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in First Trust Long/Short Equity ETF in the third quarter valued at approximately $75,000. GAMMA Investing LLC grew its holdings in First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after purchasing an additional 353 shares during the period. Finally, Insigneo Advisory Services LLC purchased a new stake in First Trust Long/Short Equity ETF in the second quarter worth $203,000.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA FTLS opened at $67.20 on Tuesday. The stock has a market capitalization of $1.33 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a one year low of $57.30 and a one year high of $67.92. The business’s fifty day moving average price is $66.37 and its 200-day moving average price is $64.33.

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.