First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 205.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,596 shares of the company’s stock after buying an additional 18,554 shares during the quarter. Apollon Wealth Management LLC owned 0.14% of First Trust Long/Short Equity ETF worth $1,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 27.3% in the 2nd quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock valued at $97,766,000 after buying an additional 335,072 shares during the period. Envestnet Asset Management Inc. raised its holdings in First Trust Long/Short Equity ETF by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 522,659 shares of the company’s stock worth $32,713,000 after purchasing an additional 19,922 shares during the period. Truist Financial Corp raised its holdings in First Trust Long/Short Equity ETF by 3.2% in the 2nd quarter. Truist Financial Corp now owns 392,377 shares of the company’s stock worth $24,559,000 after purchasing an additional 12,107 shares during the period. Private Advisor Group LLC raised its holdings in First Trust Long/Short Equity ETF by 8.0% in the 3rd quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock worth $21,455,000 after purchasing an additional 25,151 shares during the period. Finally, Cetera Investment Advisers raised its holdings in First Trust Long/Short Equity ETF by 11.8% in 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 period.

First Trust Long/Short Equity ETF Trading Up 0.2 %

NYSEARCA FTLS opened at $65.61 on Thursday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a twelve month low of $54.78 and a twelve month high of $66.12. The stock has a 50-day moving average of $63.76 and a 200 day moving average of $62.70.

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.