Global Wealth Strategies & Associates Acquires Shares of 16,420 First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Global Wealth Strategies & Associates bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, HoldingsChannel reports. The firm bought 16,420 shares of the company’s stock, valued at approximately $1,081,000. First Trust Long/Short Equity ETF accounts for 0.3% of Global Wealth Strategies & Associates’ investment portfolio, making the stock its 23rd largest holding.

Several other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after acquiring an additional 413,979 shares in the last quarter. SMART Wealth LLC increased its position in shares of First Trust Long/Short Equity ETF by 10.0% during the third quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock valued at $1,235,000 after buying an additional 1,775 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $75,000. World Investment Advisors LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter valued at approximately $1,260,000. Finally, Orion Portfolio Solutions LLC boosted its position in shares of First Trust Long/Short Equity ETF by 17.8% during the third quarter. Orion Portfolio Solutions LLC now owns 107,812 shares of the company’s stock valued at $6,843,000 after purchasing an additional 16,309 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.1 %

FTLS traded down $0.05 during trading on Thursday, reaching $65.76. The stock had a trading volume of 83,685 shares, compared to its average volume of 135,488. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The stock’s 50 day moving average is $65.83 and its two-hundred day moving average is $63.98. First Trust Long/Short Equity ETF has a one year low of $55.94 and a one year high of $67.69.

First Trust Long/Short Equity ETF 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.