Grant GrossMendelsohn LLC Trims Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Grant GrossMendelsohn LLC lowered its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 59.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,962 shares of the company’s stock after selling 10,229 shares during the quarter. Grant GrossMendelsohn LLC’s holdings in First Trust Long/Short Equity ETF were worth $458,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FTLS. Jane Street Group LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at $2,329,000. JPMorgan Chase & Co. increased its position in shares of 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 worth $26,909,000 after acquiring an additional 413,979 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 353 shares in the last quarter. SMART Wealth LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 10.0% in the third quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock valued at $1,235,000 after purchasing an additional 1,775 shares during the period. Finally, Cetera Investment Advisers increased its holdings in First Trust Long/Short Equity ETF by 11.8% during the 2nd quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock worth $19,798,000 after purchasing an additional 33,263 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.4 %

Shares of FTLS stock opened at $67.20 on Friday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a twelve month low of $57.30 and a twelve month high of $67.92. The stock has a fifty day simple moving average of $66.34 and a two-hundred day simple moving average of $64.28.

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.