Kingswood Wealth Advisors LLC Purchases 5,648 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Kingswood Wealth Advisors LLC raised its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 46,548 shares of the company’s stock after purchasing an additional 5,648 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC raised its stake in First Trust Long/Short Equity ETF by 16.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 93,753 shares of the company’s stock valued at $6,170,000 after acquiring an additional 13,239 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of First Trust Long/Short Equity ETF by 4.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after buying an additional 422 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in First Trust Long/Short Equity ETF by 11.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 14,407 shares of the company’s stock valued at $948,000 after buying an additional 1,513 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in First Trust Long/Short Equity ETF by 85.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 88,371 shares of the company’s stock valued at $5,816,000 after acquiring an additional 40,782 shares during the period. Finally, Atomi Financial Group Inc. lifted its position in First Trust Long/Short Equity ETF by 44.7% during the fourth quarter. Atomi Financial Group Inc. now owns 153,152 shares of the company’s stock worth $10,079,000 after acquiring an additional 47,282 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.1 %

Shares of NYSEARCA:FTLS opened at $68.07 on Monday. The stock has a market cap of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12-month low of $57.78 and a 12-month high of $68.64. The business has a 50 day moving average of $66.58 and a 200-day moving average of $64.46.

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.