Philip James Wealth Mangement LLC Buys 4,161 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Philip James Wealth Mangement LLC lifted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 120,162 shares of the company’s stock after buying an additional 4,161 shares during the quarter. First Trust Long/Short Equity ETF comprises about 0.9% of Philip James Wealth Mangement LLC’s portfolio, making the stock its 24th largest holding. Philip James Wealth Mangement LLC owned approximately 0.61% of First Trust Long/Short Equity ETF worth $7,627,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in First Trust Long/Short Equity ETF by 55.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,042 shares of the company’s stock valued at $1,976,000 after buying an additional 11,464 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in First Trust Long/Short Equity ETF by 10.3% during the first quarter. Oppenheimer & Co. Inc. now owns 26,393 shares of the company’s stock worth $1,627,000 after acquiring an additional 2,457 shares during the period. Atomi Financial Group Inc. raised its stake in First Trust Long/Short Equity ETF by 177.2% in the 1st quarter. Atomi Financial Group Inc. now owns 64,271 shares of the company’s stock worth $3,963,000 after purchasing an additional 41,086 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in First Trust Long/Short Equity ETF by 7.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 161,564 shares of the company’s stock valued at $9,715,000 after purchasing an additional 11,615 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in 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 valued at $2,296,000 after purchasing an additional 378 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.1 %

FTLS stock traded up $0.09 during mid-day trading on Friday, hitting $65.51. The stock had a trading volume of 13,389 shares, compared to its average volume of 134,545. The firm has a market capitalization 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 52 week low of $53.96 and a 52 week high of $65.75. The firm has a fifty day simple moving average of $63.56 and a 200 day simple moving average of $62.52.

First Trust Long/Short Equity ETF 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.