First Trust Long/Short Equity ETF $FTLS Stock: Signal Advisors Wealth LLC Grows Holdings

Signal Advisors Wealth LLC increased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 44.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 38,860 shares of the company’s stock after acquiring an additional 11,916 shares during the period. Signal Advisors Wealth LLC’s holdings in First Trust Long/Short Equity ETF were worth $2,980,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Independent Financial Group LLC bought a new stake in First Trust Long/Short Equity ETF in the first quarter worth approximately $1,270,000. IHT Wealth Management LLC increased its stake in shares of First Trust Long/Short Equity ETF by 749.9% during the 4th quarter. IHT Wealth Management LLC now owns 124,129 shares of the company’s stock worth $8,812,000 after purchasing an additional 109,524 shares during the last quarter. RFG Advisory LLC increased its stake in shares of First Trust Long/Short Equity ETF by 155.9% during the 1st quarter. RFG Advisory LLC now owns 76,412 shares of the company’s stock worth $5,376,000 after purchasing an additional 46,553 shares during the last quarter. Simplicity Wealth LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 34.3% during the 1st quarter. Simplicity Wealth LLC now owns 42,693 shares of the company’s stock valued at $3,004,000 after purchasing an additional 10,908 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust Long/Short Equity ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock valued at $41,085,000 after purchasing an additional 31,515 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.7%

First Trust Long/Short Equity ETF stock opened at $77.52 on Thursday. First Trust Long/Short Equity ETF has a 1-year low of $68.45 and a 1-year high of $78.11. The firm’s fifty day simple moving average is $76.67 and its 200-day simple moving average is $74.74. The company has a market capitalization of $2.64 billion, a P/E ratio of 21.59 and a beta of 0.50.

About First Trust Long/Short Equity ETF

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.