Koshinski Asset Management Inc. Trims Stock Holdings in First Trust Long/Short Equity ETF $FTLS

Koshinski Asset Management Inc. lowered its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 12.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 73,257 shares of the company’s stock after selling 10,098 shares during the period. Koshinski Asset Management Inc.’s holdings in First Trust Long/Short Equity ETF were worth $5,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the third quarter valued at about $25,000. GPS Wealth Strategies Group LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 87.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock valued at $28,000 after buying an additional 186 shares during the last quarter. Burkett Financial Services LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the third quarter valued at about $28,000. Jones Financial Companies Lllp raised its holdings in shares of First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares during the last quarter. Finally, Rossby Financial LCC raised its holdings in shares of First Trust Long/Short Equity ETF by 48.1% in the third quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after buying an additional 225 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA:FTLS opened at $73.55 on Friday. The company has a 50-day simple moving average of $71.32 and a 200-day simple moving average of $71.18. First Trust Long/Short Equity ETF has a one year low of $63.69 and a one year high of $74.79. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51.

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.