First Trust Long/Short Equity ETF $FTLS Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC decreased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 57.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,446 shares of the company’s stock after selling 27,218 shares during the quarter. Belpointe Asset Management LLC owned 0.07% of First Trust Long/Short Equity ETF worth $1,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at about $352,000. Seeds Investor LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at about $3,283,000. Hobart Private Capital LLC grew its stake in shares of First Trust Long/Short Equity ETF by 0.9% during the fourth quarter. Hobart Private Capital LLC now owns 307,110 shares of the company’s stock valued at $21,802,000 after acquiring an additional 2,851 shares in the last quarter. SMART Wealth LLC grew its stake in shares of First Trust Long/Short Equity ETF by 22.5% during the fourth quarter. SMART Wealth LLC now owns 29,470 shares of the company’s stock valued at $2,092,000 after acquiring an additional 5,407 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in shares of First Trust Long/Short Equity ETF by 159.4% during the fourth quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock valued at $17,396,000 after acquiring an additional 150,598 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $72.21 on Wednesday. The business has a 50-day moving average of $70.87 and a 200-day moving average of $70.89. The company has a market capitalization of $2.23 billion, a PE ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 1-year low of $61.53 and a 1-year high of $72.87.

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.