Financial Enhancement Group LLC Boosts Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Financial Enhancement Group LLC raised its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 261,356 shares of the company’s stock after acquiring an additional 7,220 shares during the period. First Trust Long/Short Equity ETF accounts for approximately 2.6% of Financial Enhancement Group LLC’s holdings, making the stock its 8th biggest position. Financial Enhancement Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $15,849,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FTLS. National Bank of Canada FI increased its holdings in shares of First Trust Long/Short Equity ETF by 127.7% in the fourth quarter. National Bank of Canada FI now owns 535 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at $100,000. Allworth Financial LP bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at $114,000. ICA Group Wealth Management LLC bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at $197,000. Finally, Traction Financial Partners LLC bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at $213,000.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA FTLS traded down $0.09 during trading on Wednesday, hitting $63.10. The company had a trading volume of 67,311 shares, compared to its average volume of 131,076. The company has a market cap of $1.25 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 52 week low of $51.90 and a 52 week high of $63.21. The business’s 50-day moving average is $61.20 and its 200 day moving average is $59.81.

First Trust Long/Short Equity ETF Company 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.