10,835 Shares in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 2nd quarter, Holdings Channel.com reports. The fund bought 10,835 shares of the company’s stock, valued at approximately $678,000.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its position in First Trust Long/Short Equity ETF by 27.3% during the second quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock worth $97,766,000 after buying an additional 335,072 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 522,659 shares of the company’s stock valued at $32,713,000 after acquiring an additional 19,922 shares during the period. Private Advisor Group LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 3.3% during the 2nd quarter. Private Advisor Group LLC now owns 312,882 shares of the company’s stock worth $19,583,000 after purchasing an additional 10,020 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Long/Short Equity ETF by 557.2% in the first quarter. Cetera Investment Advisers now owns 283,043 shares of the company’s stock worth $17,452,000 after purchasing an additional 239,972 shares during the period. Finally, Financial Enhancement Group LLC raised its stake in First Trust Long/Short Equity ETF by 3.4% in the second quarter. Financial Enhancement Group LLC now owns 270,368 shares of the company’s stock valued at $16,922,000 after purchasing an additional 9,012 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.2 %

FTLS opened at $63.09 on Monday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a twelve month low of $52.15 and a twelve month high of $63.87. The company has a 50-day simple moving average of $62.63 and a 200 day simple moving average of $61.89.

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.