Proactive Wealth Strategies LLC Takes Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Proactive Wealth Strategies LLC acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 69,882 shares of the company’s stock, valued at approximately $4,435,000. First Trust Long/Short Equity ETF comprises approximately 2.5% of Proactive Wealth Strategies LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at $35,000. NBC Securities Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 184.2% in the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after buying an additional 523 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of First Trust Long/Short Equity ETF in the second quarter valued at $84,000. Larson Financial Group LLC grew its stake in shares of First Trust Long/Short Equity ETF by 44.2% in the second quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock valued at $160,000 after buying an additional 785 shares in the last quarter. Finally, Insigneo Advisory Services LLC bought a new position in shares of First Trust Long/Short Equity ETF in the second quarter valued at $203,000.

First Trust Long/Short Equity ETF Trading Down 0.1 %

Shares of NYSEARCA FTLS opened at $65.56 on Tuesday. The company has a market capitalization of $1.30 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12 month low of $54.48 and a 12 month high of $65.75. The stock has a 50 day moving average of $63.64 and a 200-day moving average of $62.64.

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.