Legacy Capital Wealth Partners LLC Buys 8,864 Shares of First Trust Long/Short Equity ETF $FTLS

Legacy Capital Wealth Partners LLC boosted its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 54.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,120 shares of the company’s stock after buying an additional 8,864 shares during the quarter. Legacy Capital Wealth Partners LLC owned approximately 0.08% of First Trust Long/Short Equity ETF worth $1,783,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 10.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after acquiring an additional 231,155 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 45.2% during the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock valued at $44,633,000 after purchasing an additional 209,579 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 1.5% during the third quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock valued at $41,150,000 after purchasing an additional 8,523 shares in the last quarter. World Equity Group Inc. boosted its holdings in First Trust Long/Short Equity ETF by 9.8% during the third quarter. World Equity Group Inc. now owns 287,710 shares of the company’s stock worth $20,125,000 after purchasing an additional 25,744 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in First Trust Long/Short Equity ETF by 1.9% during the third quarter. Cornerstone Planning Group LLC now owns 223,113 shares of the company’s stock worth $15,868,000 after purchasing an additional 4,205 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $70.61 on Thursday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $72.39. The company has a 50-day simple moving average of $70.81 and a two-hundred day simple moving average of $70.67.

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.