Larson Financial Group LLC Invests $100,000 in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Larson Financial Group LLC bought a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,775 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors have also made changes to their positions in the company. Bridgeworth LLC increased its position in shares of First Trust Long/Short Equity ETF by 2.7% in the fourth quarter. Bridgeworth LLC now owns 9,331 shares of the company’s stock worth $525,000 after acquiring an additional 243 shares in the last quarter. TAP Consulting LLC grew its position in First Trust Long/Short Equity ETF by 0.8% during the third quarter. TAP Consulting LLC now owns 30,344 shares of the company’s stock valued at $1,613,000 after purchasing an additional 249 shares in the last quarter. Eudaimonia Partners LLC grew its position in First Trust Long/Short Equity ETF by 0.7% during the third quarter. Eudaimonia Partners LLC now owns 39,766 shares of the company’s stock valued at $2,114,000 after purchasing an additional 264 shares in the last quarter. Sowell Financial Services LLC grew its position in First Trust Long/Short Equity ETF by 0.4% during the third quarter. Sowell Financial Services LLC now owns 62,419 shares of the company’s stock valued at $3,318,000 after purchasing an additional 269 shares in the last quarter. Finally, Western Wealth Management LLC grew its position in First Trust Long/Short Equity ETF by 8.2% during the fourth quarter. Western Wealth Management LLC now owns 4,116 shares of the company’s stock valued at $232,000 after purchasing an additional 312 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.1 %

NYSEARCA FTLS opened at $59.72 on Friday. The stock has a market capitalization of $1.11 billion, a PE ratio of 18.96 and a beta of 0.59. The company has a 50 day moving average price of $60.57 and a two-hundred day moving average price of $57.56. First Trust Long/Short Equity ETF has a 12-month low of $50.74 and a 12-month high of $61.85.

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.