RiverTree Advisors LLC Sells 8,681 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

RiverTree Advisors LLC reduced its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 14.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,970 shares of the company’s stock after selling 8,681 shares during the quarter. First Trust Long/Short Equity ETF accounts for about 2.2% of RiverTree Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. RiverTree Advisors LLC owned 0.26% of First Trust Long/Short Equity ETF worth $3,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. purchased a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $35,000. NBC Securities Inc. boosted its holdings 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 worth $51,000 after buying an additional 523 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the second quarter worth approximately $84,000. Concourse Financial Group Securities Inc. boosted its holdings in shares of 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 last quarter. Finally, Larson Financial Group LLC boosted its holdings 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 worth $160,000 after buying an additional 785 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS traded up $0.07 on Thursday, reaching $64.32. The company’s stock had a trading volume of 173,757 shares, compared to its average volume of 134,941. The stock has a market capitalization of $1.28 billion, a P/E ratio of 19.46 and a beta of 0.62. The stock’s 50 day simple moving average is $63.35 and its two-hundred day simple moving average is $62.23. First Trust Long/Short Equity ETF has a 12-month low of $52.15 and a 12-month high of $65.00.

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.