First Trust Long/Short Equity ETF (NYSEARCA:FTLS) is Financial Enhancement Group LLC’s 8th Largest Position

Financial Enhancement Group LLC lifted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 261,356 shares of the company’s stock after buying an additional 7,220 shares during the quarter. First Trust Long/Short Equity ETF makes up 2.6% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 8th largest position. Financial Enhancement Group LLC owned about 1.94% of First Trust Long/Short Equity ETF worth $15,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FTLS. TAP Consulting LLC raised its position in shares of First Trust Long/Short Equity ETF by 0.6% in the 4th quarter. TAP Consulting LLC now owns 30,530 shares of the company’s stock worth $1,718,000 after buying an additional 186 shares during the period. Bridgeworth LLC raised its position in shares of First Trust Long/Short Equity ETF by 2.7% in the 4th quarter. Bridgeworth LLC now owns 9,331 shares of the company’s stock worth $525,000 after buying an additional 243 shares during the period. National Bank of Canada FI raised its position in shares of First Trust Long/Short Equity ETF by 127.7% in the 4th quarter. National Bank of Canada FI now owns 535 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Western Wealth Management LLC raised its position in shares of First Trust Long/Short Equity ETF by 8.2% in the 4th quarter. Western Wealth Management LLC now owns 4,116 shares of the company’s stock worth $232,000 after buying an additional 312 shares during the period. Finally, Mariner LLC raised its position in shares of First Trust Long/Short Equity ETF by 3.6% in the 3rd quarter. Mariner LLC now owns 13,119 shares of the company’s stock worth $697,000 after buying an additional 451 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS traded down $0.09 during trading hours on Wednesday, hitting $63.10. The stock had a trading volume of 67,311 shares, compared to its average volume of 131,076. The firm has a market cap of $1.25 billion, a P/E ratio of 19.46 and a beta of 0.62. The company’s fifty day simple moving average is $61.20 and its 200 day simple moving average is $59.81. First Trust Long/Short Equity ETF has a 12-month low of $51.90 and a 12-month high of $63.21.

About First Trust Long/Short Equity ETF

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.