IHT Wealth Management LLC Grows Stake in First Trust Long/Short Equity ETF $FTLS

IHT Wealth Management LLC boosted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 749.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,129 shares of the company’s stock after purchasing an additional 109,524 shares during the period. IHT Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $8,812,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Morgan Stanley increased its position in First Trust Long/Short Equity ETF by 1.5% during the fourth quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock worth $372,876,000 after buying an additional 78,397 shares in the last quarter. Royal Bank of Canada increased its position in First Trust Long/Short Equity ETF by 3.2% during the fourth quarter. Royal Bank of Canada now owns 2,549,077 shares of the company’s stock worth $180,959,000 after buying an additional 78,470 shares in the last quarter. Ameriprise Financial Inc. increased its position in First Trust Long/Short Equity ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after buying an additional 231,155 shares in the last quarter. LPL Financial LLC increased its position in First Trust Long/Short Equity ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock worth $170,200,000 after buying an additional 149,648 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in 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 worth $44,633,000 after buying an additional 209,579 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $74.41 on Thursday. The stock has a fifty day moving average of $73.59 and a two-hundred day moving average of $71.89. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a fifty-two week low of $64.63 and a fifty-two week high of $75.09.

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.