WealthPLAN Partners LLC Trims Stock Position in First Trust Long/Short Equity ETF $FTLS

WealthPLAN Partners LLC trimmed its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 26.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 70,201 shares of the company’s stock after selling 25,678 shares during the period. First Trust Long/Short Equity ETF makes up about 1.0% of WealthPLAN Partners LLC’s holdings, making the stock its 27th largest holding. WealthPLAN Partners LLC owned approximately 0.23% of First Trust Long/Short Equity ETF worth $4,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of First Trust Long/Short Equity ETF by 1.5% during the 4th quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock worth $372,876,000 after purchasing an additional 78,397 shares during the last quarter. Royal Bank of Canada boosted its stake in First Trust Long/Short Equity ETF by 3.2% during the fourth quarter. Royal Bank of Canada now owns 2,549,077 shares of the company’s stock worth $180,959,000 after buying an additional 78,470 shares during the period. Ameriprise Financial Inc. boosted its stake in First Trust Long/Short Equity ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after buying an additional 231,155 shares during the period. LPL Financial LLC increased its position in shares of First Trust Long/Short Equity ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock valued at $170,200,000 after acquiring an additional 149,648 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 45.2% in the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock valued at $44,633,000 after acquiring an additional 209,579 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $74.02 on Wednesday. The company’s 50 day simple moving average is $74.07 and its 200-day simple moving average is $72.17. First Trust Long/Short Equity ETF has a 1 year low of $65.56 and a 1 year high of $75.11. The company has a market capitalization of $2.42 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.