Golden State Wealth Management LLC Has $4.58 Million Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Golden State Wealth Management LLC increased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,432 shares of the company’s stock after purchasing an additional 2,773 shares during the period. Golden State Wealth Management LLC owned approximately 0.24% of First Trust Long/Short Equity ETF worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its stake in 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 during the period. Matauro LLC boosted its stake in 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 during the period. Harvest Investment Services LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 2.4% during the 4th quarter. Harvest Investment Services LLC now owns 11,022 shares of the company’s stock worth $725,000 after buying an additional 260 shares during the last quarter. Morey & Quinn Wealth Partners LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 6.0% during the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 4,769 shares of the company’s stock worth $306,000 after buying an additional 269 shares during the last quarter. Finally, Tucker Asset Management LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 45.7% during the 4th quarter. Tucker Asset Management LLC now owns 861 shares of the company’s stock worth $57,000 after buying an additional 270 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $66.30 on Friday. The firm has a 50-day moving average of $65.06 and a 200-day moving average of $65.26. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $69.94. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 21.59 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.