WealthPLAN Partners LLC Cuts Stake in First Trust Long/Short Equity ETF $FTLS

WealthPLAN Partners LLC cut its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,879 shares of the company’s stock after selling 7,020 shares during the period. First Trust Long/Short Equity ETF comprises about 1.0% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 24th biggest holding. WealthPLAN Partners LLC’s holdings in First Trust Long/Short Equity ETF were worth $6,806,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hilltop Holdings Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 2.6% during the third quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock worth $549,000 after buying an additional 196 shares during the period. Rossby Financial LCC lifted its position in First Trust Long/Short Equity ETF by 48.1% in the third quarter. Rossby Financial LCC now owns 693 shares of the company’s stock worth $49,000 after purchasing an additional 225 shares during the period. J.Safra Asset Management Corp lifted its position in First Trust Long/Short Equity ETF by 10.2% in the fourth quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock worth $182,000 after purchasing an additional 236 shares during the period. Cyndeo Wealth Partners LLC lifted its position in First Trust Long/Short Equity ETF by 2.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 13,303 shares of the company’s stock worth $944,000 after purchasing an additional 259 shares during the period. Finally, Revisor Wealth Management LLC lifted its position in First Trust Long/Short Equity ETF by 2.8% in the fourth quarter. Revisor Wealth Management LLC now owns 9,686 shares of the company’s stock worth $690,000 after purchasing an additional 265 shares during the period.

First Trust Long/Short Equity ETF Price Performance

FTLS opened at $73.71 on Friday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1-year low of $64.63 and a 1-year high of $75.06. The business has a 50 day moving average price of $73.28 and a two-hundred day moving average price of $71.80.

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.