Philip James Wealth Mangement LLC Raises Stock Position in First Trust Long/Short Equity ETF $FTLS

Philip James Wealth Mangement LLC grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,503 shares of the company’s stock after buying an additional 8,625 shares during the period. First Trust Long/Short Equity ETF accounts for approximately 1.1% of Philip James Wealth Mangement LLC’s investment portfolio, making the stock its 21st largest position. Philip James Wealth Mangement LLC owned 0.46% of First Trust Long/Short Equity ETF worth $9,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. World Equity Group Inc. lifted its holdings in First Trust Long/Short Equity ETF by 9.8% in the third quarter. World Equity Group Inc. now owns 287,710 shares of the company’s stock valued at $20,125,000 after acquiring an additional 25,744 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 66.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 113,163 shares of the company’s stock worth $7,916,000 after acquiring an additional 45,234 shares during the last quarter. Benjamin Edwards Inc. increased its stake in First Trust Long/Short Equity ETF by 21.1% during the third quarter. Benjamin Edwards Inc. now owns 65,131 shares of the company’s stock worth $4,557,000 after acquiring an additional 11,352 shares during the last quarter. Ethos Financial Group LLC raised its position in First Trust Long/Short Equity ETF by 1.0% in the third quarter. Ethos Financial Group LLC now owns 171,722 shares of the company’s stock valued at $12,012,000 after purchasing an additional 1,623 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 4.6% in the 3rd quarter. Park Avenue Securities LLC now owns 9,731 shares of the company’s stock valued at $681,000 after purchasing an additional 430 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.4%

NYSEARCA FTLS opened at $71.50 on Friday. The stock has a market cap of $2.18 billion, a PE ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a twelve month low of $58.90 and a twelve month high of $72.20. The stock has a fifty day simple moving average of $71.14 and a 200-day simple moving average of $69.06.

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.