Ethos Financial Group LLC Buys 10,414 Shares of First Trust Long/Short Equity ETF $FTLS

Ethos Financial Group LLC grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 182,136 shares of the company’s stock after acquiring an additional 10,414 shares during the period. First Trust Long/Short Equity ETF accounts for approximately 1.0% of Ethos Financial Group LLC’s investment portfolio, making the stock its 22nd biggest position. Ethos Financial Group LLC owned 0.60% of First Trust Long/Short Equity ETF worth $12,930,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FTLS. Ameriprise Financial Inc. increased its holdings in First Trust Long/Short Equity ETF by 10.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after purchasing an additional 231,155 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of 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 valued at $44,633,000 after purchasing an additional 209,579 shares in the last quarter. Tcfg Wealth Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at about $7,618,000. Merit Financial Group LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 207.6% during the third quarter. Merit Financial Group LLC now owns 94,453 shares of the company’s stock worth $6,607,000 after purchasing an additional 63,746 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 66.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 113,163 shares of the company’s stock worth $7,916,000 after purchasing an additional 45,234 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $70.54 on Friday. The business has a 50 day moving average of $70.78 and a 200-day moving average of $70.69. The company has a market capitalization of $2.17 billion, a P/E ratio of 21.59 and a beta of 0.48. 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.