Sigma Planning Corp Boosts Stock Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Sigma Planning Corp lifted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,700 shares of the company’s stock after buying an additional 17,963 shares during the quarter. Sigma Planning Corp’s holdings in First Trust Long/Short Equity ETF were worth $4,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA purchased a new stake in First Trust Long/Short Equity ETF during the 4th quarter worth about $36,000. Blue Trust Inc. purchased a new stake in First Trust Long/Short Equity ETF during the 4th quarter worth about $52,000. Principal Securities Inc. increased its holdings in First Trust Long/Short Equity ETF by 31.9% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after purchasing an additional 231 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Long/Short Equity ETF during the 3rd quarter worth about $75,000. Finally, GAMMA Investing LLC increased its holdings in First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after purchasing an additional 353 shares during the period.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA FTLS opened at $66.63 on Friday. The stock’s 50-day moving average is $67.07 and its two-hundred day moving average is $65.17. First Trust Long/Short Equity ETF has a 1-year low of $58.92 and a 1-year high of $69.94. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.