FOCUS Wealth Advisors LLC Has $6.13 Million Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

FOCUS Wealth Advisors LLC decreased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,160 shares of the company’s stock after selling 444 shares during the quarter. First Trust Long/Short Equity ETF makes up approximately 3.3% of FOCUS Wealth Advisors LLC’s portfolio, making the stock its 7th largest position. FOCUS Wealth Advisors LLC owned about 0.47% of First Trust Long/Short Equity ETF worth $6,131,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FTLS. Jane Street Group LLC bought a new position in First Trust Long/Short Equity ETF during the third quarter valued at about $2,329,000. JPMorgan Chase & Co. grew its position in First Trust Long/Short Equity ETF by 4,148.1% during the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after buying an additional 413,979 shares during the period. GAMMA Investing LLC grew its position in First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after buying an additional 353 shares during the period. SMART Wealth LLC grew its position in First Trust Long/Short Equity ETF by 10.0% during the third quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock valued at $1,235,000 after buying an additional 1,775 shares during the period. Finally, Cetera Investment Advisers grew its position in First Trust Long/Short Equity ETF by 11.8% during 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 during the period.

First Trust Long/Short Equity ETF Stock Up 0.4 %

NYSEARCA FTLS opened at $67.20 on Monday. The company has a market cap of $1.33 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 52 week low of $57.30 and a 52 week high of $67.92. The firm’s 50-day simple moving average is $66.34 and its two-hundred day simple moving average is $64.30.

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.