Stratos Wealth Partners LTD. Lowers Holdings in First Trust Long/Short Equity ETF $FTLS

Stratos Wealth Partners LTD. trimmed its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 18.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 65,194 shares of the company’s stock after selling 14,442 shares during the quarter. Stratos Wealth Partners LTD. owned about 0.22% of First Trust Long/Short Equity ETF worth $4,560,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Proactive Wealth Strategies LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 2.0% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 88,812 shares of the company’s stock valued at $6,212,000 after buying an additional 1,719 shares during the period. Cardinal Point Capital Management ULC grew its stake in shares of First Trust Long/Short Equity ETF by 7.0% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 127,324 shares of the company’s stock valued at $8,769,000 after acquiring an additional 8,355 shares during the period. RFG Advisory LLC increased its stake in shares of First Trust Long/Short Equity ETF by 0.7% in the third quarter. RFG Advisory LLC now owns 26,122 shares of the company’s stock worth $1,827,000 after purchasing an additional 174 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in First Trust Long/Short Equity ETF by 6.9% during the third quarter. Flagship Harbor Advisors LLC now owns 114,913 shares of the company’s stock valued at $8,038,000 after acquiring an additional 7,370 shares during the period. Finally, IMG Wealth Management Inc. grew its position in shares of First Trust Long/Short Equity ETF by 11.0% during the third quarter. IMG Wealth Management Inc. now owns 79,573 shares of the company’s stock worth $5,566,000 after purchasing an additional 7,854 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA FTLS opened at $70.81 on Friday. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $72.39. The firm’s fifty day moving average is $71.28 and its two-hundred day moving average is $69.92. The company has a market cap of $2.17 billion, a P/E ratio of 21.59 and a beta of 0.48.

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.