First Trust Long/Short Equity ETF $FTLS Shares Sold by Compound Planning Inc.

Compound Planning Inc. cut its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 14.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,519 shares of the company’s stock after selling 24,840 shares during the period. Compound Planning Inc. owned about 0.49% of First Trust Long/Short Equity ETF worth $9,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FTLS. Ameriprise Financial Inc. increased its stake in First Trust Long/Short Equity ETF by 10.6% during the 2nd 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 during the period. Raymond James Financial Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 45.2% in the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after acquiring an additional 209,579 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Long/Short Equity ETF by 7.6% during the second quarter. Cetera Investment Advisers now owns 631,308 shares of the company’s stock worth $41,843,000 after acquiring an additional 44,466 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 1.5% in the third quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock valued at $41,150,000 after acquiring an additional 8,523 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in First Trust Long/Short Equity ETF by 12.1% in the second quarter. CENTRAL TRUST Co now owns 414,753 shares of the company’s stock valued at $27,490,000 after purchasing an additional 44,609 shares during the period.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA FTLS opened at $70.94 on Tuesday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. The stock’s 50-day moving average is $71.25 and its two-hundred day moving average is $70.18. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.39.

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.