SMART Wealth LLC Has $1.23 Million Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

SMART Wealth LLC trimmed its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,624 shares of the company’s stock after selling 833 shares during the period. SMART Wealth LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,226,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC raised its holdings in First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock worth $108,718,000 after buying an additional 150,887 shares during the last quarter. 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 in the last quarter. World Investment Advisors LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the third quarter worth about $21,644,000. Private Advisor Group LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 8.0% in the 3rd quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock worth $21,455,000 after acquiring an additional 25,151 shares during the last quarter. Finally, Financial Enhancement Group LLC lifted its position in First Trust Long/Short Equity ETF by 15.4% in the 3rd quarter. Financial Enhancement Group LLC now owns 311,985 shares of the company’s stock valued at $19,802,000 after acquiring an additional 41,617 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.4 %

FTLS stock opened at $67.90 on Friday. 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 has a twelve month low of $58.35 and a twelve month high of $68.64. The stock’s 50 day moving average is $66.91 and its 200-day moving average is $64.73.

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.