Wealth Enhancement Advisory Services LLC Has $3.99 Million Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Wealth Enhancement Advisory Services LLC raised its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,902 shares of the company’s stock after buying an additional 2,278 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.32% of First Trust Long/Short Equity ETF worth $3,992,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers increased its stake in shares of First Trust Long/Short Equity ETF by 11.8% during the 2nd quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock worth $19,798,000 after purchasing an additional 33,263 shares during the last quarter. Larson Financial Group LLC grew its stake in First Trust Long/Short Equity ETF by 44.2% in the 2nd 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 during the last quarter. Legacy Capital Wealth Partners LLC acquired a new position in First Trust Long/Short Equity ETF in the 2nd quarter valued at about $718,000. Benjamin F. Edwards & Company Inc. grew its stake in First Trust Long/Short Equity ETF by 5.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 21,995 shares of the company’s stock valued at $1,377,000 after buying an additional 1,134 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in First Trust Long/Short Equity ETF by 24.7% in the 3rd quarter. OLD National Bancorp IN now owns 33,806 shares of the company’s stock valued at $2,146,000 after buying an additional 6,704 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.6 %

NYSEARCA FTLS opened at $63.82 on Friday. The company has a market capitalization of $1.27 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 $52.51 and a 12-month high of $65.00. The firm has a 50-day moving average price of $63.46 and a two-hundred day moving average price of $62.34.

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.