First Trust Long/Short Equity ETF $FTLS Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lessened its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,340 shares of the company’s stock after selling 8,971 shares during the quarter. Orion Porfolio Solutions LLC owned 0.31% of First Trust Long/Short Equity ETF worth $5,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTLS. National Bank of Canada FI lifted its holdings in First Trust Long/Short Equity ETF by 100.8% in the first quarter. National Bank of Canada FI now owns 1,305 shares of the company’s stock valued at $83,000 after acquiring an additional 655 shares during the period. Raymond James Financial Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 82.0% during the 1st quarter. Raymond James Financial Inc. now owns 463,824 shares of the company’s stock valued at $29,722,000 after purchasing an additional 209,019 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 19.1% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 84,112 shares of the company’s stock valued at $5,390,000 after purchasing an additional 13,478 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 13.2% in the 1st quarter. Capital Analysts LLC now owns 5,021 shares of the company’s stock valued at $322,000 after purchasing an additional 584 shares during the period. Finally, TFB Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 53.1% during the first quarter. TFB Advisors LLC now owns 5,620 shares of the company’s stock worth $360,000 after buying an additional 1,949 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

FTLS opened at $70.80 on Tuesday. The company has a fifty day moving average of $70.58 and a two-hundred day moving average of $68.32. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a fifty-two week low of $58.90 and a fifty-two week high of $72.01.

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.