Ethos Financial Group LLC Has $13.31 Million Stake in First Trust Long/Short Equity ETF $FTLS

Ethos Financial Group LLC boosted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 3.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 189,146 shares of the company’s stock after buying an additional 7,010 shares during the quarter. First Trust Long/Short Equity ETF comprises approximately 1.0% of Ethos Financial Group LLC’s investment portfolio, making the stock its 22nd largest holding. Ethos Financial Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $13,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its stake in shares of First Trust Long/Short Equity ETF by 6.3% in the first quarter. Sanctuary Advisors LLC now owns 29,940 shares of the company’s stock valued at $2,107,000 after buying an additional 1,786 shares during the period. Sigma Planning Corp lifted its stake in shares of First Trust Long/Short Equity ETF by 0.6% in the first quarter. Sigma Planning Corp now owns 38,410 shares of the company’s stock worth $2,702,000 after acquiring an additional 240 shares during the period. HBW Advisory Services LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 2.8% in the first quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock worth $481,000 after acquiring an additional 186 shares during the period. Fifth Third Bancorp bought a new stake in First Trust Long/Short Equity ETF in the first quarter valued at approximately $7,296,000. Finally, Simplicity Wealth LLC boosted its holdings in First Trust Long/Short Equity ETF by 34.3% in the first quarter. Simplicity Wealth LLC now owns 42,693 shares of the company’s stock valued at $3,004,000 after acquiring an additional 10,908 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA:FTLS opened at $74.68 on Wednesday. The company has a market capitalization of $2.45 billion, a PE ratio of 21.59 and a beta of 0.50. The company has a 50 day simple moving average of $74.19 and a two-hundred day simple moving average of $72.29. First Trust Long/Short Equity ETF has a fifty-two week low of $65.56 and a fifty-two week high of $75.14.

About First Trust Long/Short Equity ETF

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.