First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lowered its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,946 shares of the company’s stock after selling 682 shares during the quarter. Cyndeo Wealth Partners LLC owned 0.06% of First Trust Long/Short Equity ETF worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTLS. UMB Bank n.a. purchased a new position in First Trust Long/Short Equity ETF in the third quarter valued at about $35,000. NBC Securities Inc. raised its position in First Trust Long/Short Equity ETF by 184.2% in the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after purchasing an additional 523 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in First Trust Long/Short Equity ETF in the third quarter valued at about $75,000. GAMMA Investing LLC raised its position in First Trust Long/Short Equity ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after purchasing an additional 353 shares during the period. Finally, Insigneo Advisory Services LLC purchased a new position in First Trust Long/Short Equity ETF in the second quarter valued at about $203,000.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS opened at $68.07 on Friday. The business’s 50-day moving average is $66.58 and its two-hundred day moving average is $64.45. First Trust Long/Short Equity ETF has a 12 month low of $57.78 and a 12 month high of $68.64. The firm has a market capitalization of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62.

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.