Sweet Financial Partners LLC Has $11.26 Million Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Sweet Financial Partners LLC cut its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,340 shares of the company’s stock after selling 2,968 shares during the quarter. First Trust Long/Short Equity ETF makes up approximately 2.4% of Sweet Financial Partners LLC’s holdings, making the stock its 7th largest holding. Sweet Financial Partners LLC owned about 0.89% of First Trust Long/Short Equity ETF worth $11,256,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FTLS. UMB Bank n.a. bought a new position in First Trust Long/Short Equity ETF in the 3rd quarter worth $35,000. NBC Securities Inc. raised its stake in 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 worth $51,000 after buying an additional 523 shares in the last quarter. GAMMA Investing LLC purchased a new stake in First Trust Long/Short Equity ETF in the second quarter worth about $84,000. Concourse Financial Group Securities Inc. lifted its holdings in First Trust Long/Short Equity ETF by 248,800.0% in the first quarter. Concourse Financial Group Securities Inc. now owns 2,489 shares of the company’s stock worth $153,000 after buying an additional 2,488 shares during the period. Finally, Larson Financial Group LLC boosted its position in First Trust Long/Short Equity ETF by 44.2% during the 2nd quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock valued at $160,000 after acquiring an additional 785 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA:FTLS opened at $64.82 on Friday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 19.46 and a beta of 0.62. The stock has a 50 day moving average price of $63.08 and a 200-day moving average price of $62.11. First Trust Long/Short Equity ETF has a 52-week low of $52.15 and a 52-week high of $65.00.

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.