Apollon Wealth Management LLC Increases Stock Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Apollon Wealth Management LLC grew its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 205.2% in the 3rd quarter, according to 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 period. 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 also recently made changes to their positions in FTLS. LPL Financial LLC grew its stake in shares of First Trust Long/Short Equity ETF by 27.3% during 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. International Assets Investment Management LLC grew its stake in shares of First Trust Long/Short Equity ETF by 4,639.2% during the 3rd quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock valued at $197,200,000 after buying an additional 304,146 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust Long/Short Equity ETF by 557.2% during the 1st quarter. Cetera Investment Advisers now owns 283,043 shares of the company’s stock valued at $17,452,000 after buying an additional 239,972 shares during the period. EdgeRock Capital LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 2nd quarter valued at $5,525,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in First Trust Long/Short Equity ETF by 390.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 60,624 shares of the company’s stock worth $3,794,000 after purchasing an additional 48,264 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.2 %

Shares of First Trust Long/Short Equity ETF stock opened at $65.61 on Thursday. The company has a fifty day moving average price of $63.76 and a 200 day moving average price of $62.70. 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 market cap of $1.30 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.