First Trust Long/Short Equity ETF $FTLS Stake Lifted by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 182.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,064 shares of the company’s stock after purchasing an additional 37,517 shares during the period. Gateway Wealth Partners LLC owned 0.19% of First Trust Long/Short Equity ETF worth $4,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 728.0% in the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after buying an additional 446,569 shares in the last quarter. Center For Asset Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at $2,965,000. Seeds Investor LLC bought a new position in First Trust Long/Short Equity ETF during the fourth quarter valued at about $3,283,000. Triad Wealth Partners LLC bought a new position in First Trust Long/Short Equity ETF during the fourth quarter valued at about $527,000. Finally, Merit Financial Group LLC grew its holdings in First Trust Long/Short Equity ETF by 159.4% during the fourth quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock worth $17,396,000 after acquiring an additional 150,598 shares during the period.

First Trust Long/Short Equity ETF Trading Down 0.0%

Shares of First Trust Long/Short Equity ETF stock opened at $75.02 on Tuesday. The company’s 50-day moving average price is $74.33 and its two-hundred day moving average price is $72.51. First Trust Long/Short Equity ETF has a 52 week low of $65.84 and a 52 week high of $77.52. The stock has a market cap of $2.46 billion, a PE ratio of 21.59 and a beta of 0.50.

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.