Proactive Wealth Strategies LLC Purchases 7,592 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Proactive Wealth Strategies LLC grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,474 shares of the company’s stock after buying an additional 7,592 shares during the period. First Trust Long/Short Equity ETF makes up 2.7% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 6th largest position. Proactive Wealth Strategies LLC owned approximately 0.39% of First Trust Long/Short Equity ETF worth $5,099,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA acquired a new position in First Trust Long/Short Equity ETF in the 4th quarter worth $36,000. NBC Securities Inc. grew its holdings in First Trust Long/Short Equity ETF by 184.2% during the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after purchasing an additional 523 shares during the period. Blue Trust Inc. acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth approximately $52,000. Principal Securities Inc. raised its stake in First Trust Long/Short Equity ETF by 31.9% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after buying an additional 231 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Long/Short Equity ETF in the third quarter valued at approximately $75,000.

First Trust Long/Short Equity ETF Trading Down 0.0 %

FTLS stock opened at $67.75 on Tuesday. First Trust Long/Short Equity ETF has a 1-year low of $58.35 and a 1-year high of $69.94. The business’s 50 day simple moving average is $67.03 and its 200 day simple moving average is $65.02. The firm has a market capitalization of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62.

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.