Kingswood Wealth Advisors LLC Has $3.06 Million Stock Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Kingswood Wealth Advisors LLC grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 13.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,548 shares of the company’s stock after acquiring an additional 5,648 shares during the quarter. Kingswood Wealth Advisors LLC owned 0.23% of First Trust Long/Short Equity ETF worth $3,063,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC boosted its position in shares of First Trust Long/Short Equity ETF by 9.7% during the 3rd quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after acquiring an additional 150,887 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of First Trust Long/Short Equity ETF by 4,148.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after purchasing an additional 413,979 shares in the last quarter. Truist Financial Corp grew its stake in First Trust Long/Short Equity ETF by 3.2% during the second quarter. Truist Financial Corp now owns 392,377 shares of the company’s stock worth $24,559,000 after buying an additional 12,107 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at approximately $21,644,000. Finally, Private Advisor Group LLC increased its holdings in First Trust Long/Short Equity ETF by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock valued at $21,455,000 after purchasing an additional 25,151 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $68.07 on Monday. First Trust Long/Short Equity ETF has a 52 week low of $57.78 and a 52 week high of $68.64. The stock’s fifty day moving average is $66.58 and its 200-day moving average is $64.46. The stock has a market capitalization of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62.

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.