First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC lifted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,116 shares of the company’s stock after purchasing an additional 312 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FTLS. Raymond James Financial Services Advisors Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 155.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,733 shares of the company’s stock worth $941,000 after buying an additional 10,174 shares during the last quarter. Sweet Financial Partners LLC increased its stake in shares of First Trust Long/Short Equity ETF by 2.7% in the third quarter. Sweet Financial Partners LLC now owns 178,820 shares of the company’s stock worth $9,504,000 after buying an additional 4,652 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of First Trust Long/Short Equity ETF in the third quarter worth $976,000. Cardinal Point Capital Management ULC increased its stake in shares of First Trust Long/Short Equity ETF by 3.2% in the fourth quarter. Cardinal Point Capital Management ULC now owns 91,799 shares of the company’s stock worth $5,165,000 after buying an additional 2,883 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in First Trust Long/Short Equity ETF by 6.7% during the third quarter. Commonwealth Equity Services LLC now owns 85,457 shares of the company’s stock valued at $4,542,000 after purchasing an additional 5,350 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

FTLS stock opened at $59.70 on Tuesday. First Trust Long/Short Equity ETF has a 1-year low of $50.74 and a 1-year high of $61.85. The firm has a fifty day moving average price of $60.53 and a two-hundred day moving average price of $57.49. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 18.96 and a beta of 0.59.

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.