Stratos Wealth Partners LTD. Has $4.71 Million Stock Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Stratos Wealth Partners LTD. increased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,551 shares of the company’s stock after acquiring an additional 5,108 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in First Trust Long/Short Equity ETF were worth $4,709,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after acquiring an additional 413,979 shares during the last quarter. World Investment Advisors LLC acquired a new position in First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $21,644,000. International Assets Investment Management LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 4,639.2% in the 3rd quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock worth $197,200,000 after purchasing an additional 304,146 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after buying an additional 150,887 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $4,435,000.

First Trust Long/Short Equity ETF Trading Up 0.4 %

Shares of NYSEARCA:FTLS opened at $67.90 on Friday. First Trust Long/Short Equity ETF has a 1-year low of $58.35 and a 1-year high of $68.64. The stock has a market cap of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62. The stock’s fifty day simple moving average is $66.91 and its two-hundred day simple moving average is $64.73.

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.