First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 205.2% during the 3rd quarter, Holdings Channel reports. The fund owned 27,596 shares of the company’s stock after purchasing an additional 18,554 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,751,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. LPL Financial LLC raised its stake in shares of First Trust Long/Short Equity ETF by 27.3% in the second quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock valued at $97,766,000 after acquiring an additional 335,072 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in First Trust Long/Short Equity ETF by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 522,659 shares of the company’s stock valued at $32,713,000 after buying an additional 19,922 shares in the last quarter. Truist Financial Corp raised its stake in First Trust Long/Short Equity ETF by 3.2% in the second quarter. Truist Financial Corp now owns 392,377 shares of the company’s stock valued at $24,559,000 after buying an additional 12,107 shares in the last quarter. Private Advisor Group LLC raised its stake in First Trust Long/Short Equity ETF by 8.0% in the third quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock valued at $21,455,000 after buying an additional 25,151 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust Long/Short Equity ETF by 11.8% in the second quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock valued at $19,798,000 after buying an additional 33,263 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $65.61 on Thursday. First Trust Long/Short Equity ETF has a 1-year low of $54.78 and a 1-year high of $66.12. The stock has a market cap of $1.30 billion, a PE ratio of 19.46 and a beta of 0.62. The stock’s fifty day moving average is $63.76 and its two-hundred day moving average is $62.70.

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.