Wealth Enhancement Advisory Services LLC Boosts Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,930 shares of the company’s stock after buying an additional 6,155 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in First Trust Long/Short Equity ETF were worth $4,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedbush Securities Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 3.5% in the 4th quarter. Wedbush Securities Inc. now owns 4,779 shares of the company’s stock worth $315,000 after purchasing an additional 163 shares in the last quarter. Matauro LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 4.8% in the 1st quarter. Matauro LLC now owns 4,584 shares of the company’s stock worth $294,000 after purchasing an additional 211 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 31.9% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after purchasing an additional 231 shares in the last quarter. Harvest Investment Services LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 2.4% in the 4th quarter. Harvest Investment Services LLC now owns 11,022 shares of the company’s stock worth $725,000 after purchasing an additional 260 shares in the last quarter. Finally, Tucker Asset Management LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 45.7% in the 4th quarter. Tucker Asset Management LLC now owns 861 shares of the company’s stock worth $57,000 after purchasing an additional 270 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.3%

FTLS opened at $65.48 on Thursday. The stock has a 50-day moving average price of $64.59 and a 200-day moving average price of $65.30. First Trust Long/Short Equity ETF has a 12-month low of $58.90 and a 12-month high of $69.94. The stock has a market capitalization of $1.99 billion, a P/E ratio of 24.23 and a beta of 0.50.

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.