10,240 Shares in First Trust Long/Short Equity ETF $FTLS Bought by Partners Wealth Management LLC

Partners Wealth Management LLC purchased a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,240 shares of the company’s stock, valued at approximately $785,000.

Several other hedge funds have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Long/Short Equity ETF in the 1st quarter valued at $75,000. Coppell Advisory Solutions LLC bought a new position in First Trust Long/Short Equity ETF during the 2nd quarter worth $107,000. CoreCap Advisors LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 14.5% during the second quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after buying an additional 185 shares in the last quarter. Compass Financial Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the second quarter worth $112,000. Finally, Bessemer Group Inc. acquired a new stake in shares of First Trust Long/Short Equity ETF during the first quarter worth $181,000.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock opened at $76.42 on Friday. The firm has a 50-day moving average of $76.90 and a 200-day moving average of $73.91. The stock has a market cap of $2.62 billion, a PE ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 52-week low of $69.21 and a 52-week high of $78.11.

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.