Cornerstone Planning Group LLC Buys 10,609 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cornerstone Planning Group LLC grew its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,648 shares of the company’s stock after acquiring an additional 10,609 shares during the quarter. First Trust Long/Short Equity ETF accounts for approximately 2.6% of Cornerstone Planning Group LLC’s portfolio, making the stock its 12th largest holding. Cornerstone Planning Group LLC owned about 0.93% of First Trust Long/Short Equity ETF worth $11,785,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FTLS. Avantax Advisory Services Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 1.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,232 shares of the company’s stock worth $2,296,000 after buying an additional 378 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in First Trust Long/Short Equity ETF by 56.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 88,830 shares of the company’s stock valued at $5,477,000 after purchasing an additional 32,196 shares during the period. Viawealth LLC increased its position in shares of First Trust Long/Short Equity ETF by 229.7% during the 1st quarter. Viawealth LLC now owns 50,645 shares of the company’s stock valued at $3,123,000 after purchasing an additional 35,282 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 20.8% during the 1st quarter. Osaic Holdings Inc. now owns 174,110 shares of the company’s stock worth $10,737,000 after purchasing an additional 29,939 shares during the period. Finally, Lcnb Corp raised its stake in shares of First Trust Long/Short Equity ETF by 8.1% during the 1st quarter. Lcnb Corp now owns 95,736 shares of the company’s stock worth $5,903,000 after purchasing an additional 7,195 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

FTLS opened at $65.50 on Wednesday. The firm has a market cap of $1.30 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a fifty-two week low of $54.48 and a fifty-two week high of $65.76. The firm has a 50-day moving average of $63.70 and a 200 day moving average of $62.68.

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.