Sowell Financial Services LLC Cuts Stock Holdings in First Trust Long/Short Equity ETF $FTLS

Sowell Financial Services LLC lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 72.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 29,859 shares of the company’s stock after selling 78,188 shares during the quarter. Sowell Financial Services LLC’s holdings in First Trust Long/Short Equity ETF were worth $2,089,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FTLS. Creekmur Asset Management LLC bought a new position in First Trust Long/Short Equity ETF in the second quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% during the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of First Trust Long/Short Equity ETF by 456.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock worth $31,000 after acquiring an additional 383 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in First Trust Long/Short Equity ETF in the third quarter valued at approximately $79,000. Finally, Sage Mountain Advisors LLC purchased a new position in First Trust Long/Short Equity ETF in the second quarter worth $201,000.

First Trust Long/Short Equity ETF Trading Down 0.1%

Shares of FTLS opened at $71.66 on Tuesday. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $72.20. The stock has a fifty day moving average price of $71.00 and a 200-day moving average price of $68.70. The firm has a market cap of $2.09 billion, a PE ratio of 21.59 and a beta of 0.48.

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.