Stifel Financial Corp Sells 3,683 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Stifel Financial Corp trimmed its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,396 shares of the company’s stock after selling 3,683 shares during the period. Stifel Financial Corp’s holdings in First Trust Long/Short Equity ETF were worth $5,166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTLS. LPL Financial LLC grew its holdings 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 valued at $97,766,000 after purchasing an additional 335,072 shares during the period. International Assets Investment Management LLC grew its stake in shares of First Trust Long/Short Equity ETF by 4,639.2% during the 3rd quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock worth $197,200,000 after acquiring an additional 304,146 shares during the period. EdgeRock Capital LLC bought a new position in shares of First Trust Long/Short Equity ETF during the 2nd quarter worth $5,525,000. Proactive Wealth Strategies LLC bought a new stake in First Trust Long/Short Equity ETF in the 3rd quarter valued at about $4,435,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in First Trust Long/Short Equity ETF by 390.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 60,624 shares of the company’s stock worth $3,794,000 after purchasing an additional 48,264 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.1 %

FTLS opened at $66.90 on Friday. The firm has a 50-day moving average price of $65.26 and a 200-day moving average price of $63.55. First Trust Long/Short Equity ETF has a twelve month low of $55.82 and a twelve month high of $67.45. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.