Global Retirement Partners LLC Sells 176 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Global Retirement Partners LLC lowered its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,355 shares of the company’s stock after selling 176 shares during the quarter. Global Retirement Partners LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTLS. Private Advisor Group LLC grew its stake in shares of First Trust Long/Short Equity ETF by 8.0% in the third 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. International Assets Investment Management LLC grew its position in First Trust Long/Short Equity ETF by 4,639.2% during the 3rd quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock valued at $197,200,000 after purchasing an additional 304,146 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in First Trust Long/Short Equity ETF by 35.6% during the 3rd quarter. Silver Oak Securities Incorporated now owns 13,174 shares of the company’s stock valued at $831,000 after purchasing an additional 3,458 shares in the last quarter. Parcion Private Wealth LLC bought a new stake in First Trust Long/Short Equity ETF during the 3rd quarter valued at about $357,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 3.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 62,902 shares of the company’s stock worth $3,992,000 after buying an additional 2,278 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.5 %

NYSEARCA:FTLS opened at $67.67 on Friday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The company’s 50 day moving average price is $67.07 and its 200-day moving average price is $65.10. First Trust Long/Short Equity ETF has a 52 week low of $58.35 and a 52 week high of $69.94.

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.