Golden State Equity Partners Sells 13,844 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Golden State Equity Partners lowered its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 36.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,548 shares of the company’s stock after selling 13,844 shares during the period. Golden State Equity Partners owned about 0.18% of First Trust Long/Short Equity ETF worth $1,381,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of First Trust Long/Short Equity ETF during the third quarter valued at $72,000. Larson Financial Group LLC acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at $100,000. Allworth Financial LP acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at $114,000. CWM LLC acquired a new position in First Trust Long/Short Equity ETF in the third quarter valued at $115,000. Finally, Fermata Advisors LLC acquired a new position in First Trust Long/Short Equity ETF in the third quarter valued at $200,000.

First Trust Long/Short Equity ETF Stock Up 0.8 %

FTLS stock opened at $60.17 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 18.96 and a beta of 0.59. First Trust Long/Short Equity ETF has a 12-month low of $50.79 and a 12-month high of $61.85. The company’s fifty day simple moving average is $60.58 and its 200 day simple moving average is $57.65.

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.