First Trust Long/Short Equity ETF $FTLS Shares Newly Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,764 shares of the company’s stock, valued at approximately $5,810,000. Wedbush Securities Inc. owned 0.22% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the first quarter valued at approximately $75,000. Coppell Advisory Solutions LLC purchased a new stake in First Trust Long/Short Equity ETF during the 2nd quarter worth approximately $107,000. CoreCap Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 14.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after buying an additional 185 shares during the period. Compass Financial Management LLC acquired a new stake in First Trust Long/Short Equity ETF during the 2nd quarter worth approximately $112,000. Finally, Bessemer Group Inc. acquired a new stake in First Trust Long/Short Equity ETF during the 1st quarter worth approximately $181,000.

First Trust Long/Short Equity ETF Stock Up 0.1%

FTLS stock traded up $0.07 during midday trading on Friday, hitting $76.68. The company’s stock had a trading volume of 98,220 shares, compared to its average volume of 123,985. First Trust Long/Short Equity ETF has a 52-week low of $69.21 and a 52-week high of $78.11. The firm has a market capitalization of $2.62 billion, a P/E ratio of 21.59 and a beta of 0.50. The firm has a 50-day simple moving average of $76.82 and a 200-day simple moving average of $75.05.

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.