Center For Asset Management LLC Invests $2.97 Million in First Trust Long/Short Equity ETF $FTLS

Center For Asset Management LLC bought a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 41,761 shares of the company’s stock, valued at approximately $2,965,000. First Trust Long/Short Equity ETF makes up about 1.6% of Center For Asset Management LLC’s portfolio, making the stock its 17th biggest position. Center For Asset Management LLC owned 0.14% of First Trust Long/Short Equity ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Crux Wealth Advisors boosted its position in First Trust Long/Short Equity ETF by 13.4% during the 4th quarter. Crux Wealth Advisors now owns 10,371 shares of the company’s stock valued at $736,000 after purchasing an additional 1,228 shares during the period. Flagship Harbor Advisors LLC boosted its position in First Trust Long/Short Equity ETF by 2.5% during the 4th quarter. Flagship Harbor Advisors LLC now owns 117,827 shares of the company’s stock valued at $8,365,000 after purchasing an additional 2,914 shares during the period. Sowell Financial Services LLC boosted its position in First Trust Long/Short Equity ETF by 0.9% during the 4th quarter. Sowell Financial Services LLC now owns 30,131 shares of the company’s stock valued at $2,139,000 after purchasing an additional 272 shares during the period. Ethos Financial Group LLC boosted its position in First Trust Long/Short Equity ETF by 6.1% during the 4th quarter. Ethos Financial Group LLC now owns 182,136 shares of the company’s stock valued at $12,930,000 after purchasing an additional 10,414 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in First Trust Long/Short Equity ETF by 5.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 68,465 shares of the company’s stock valued at $4,860,000 after purchasing an additional 3,271 shares during the period.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS opened at $70.59 on Wednesday. First Trust Long/Short Equity ETF has a 12-month low of $59.68 and a 12-month high of $72.39. The firm has a market capitalization of $2.17 billion, a P/E ratio of 21.59 and a beta of 0.50. The business has a 50 day simple moving average of $70.72 and a 200 day simple moving average of $70.72.

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.