Orion Portfolio Solutions LLC Decreases Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Orion Portfolio Solutions LLC decreased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 102,884 shares of the company’s stock after selling 4,928 shares during the period. Orion Portfolio Solutions LLC’s holdings in First Trust Long/Short Equity ETF were worth $6,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FTLS. DAVENPORT & Co LLC raised its position in shares of First Trust Long/Short Equity ETF by 4.2% in the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock valued at $314,000 after purchasing an additional 191 shares during the period. Principal Securities Inc. raised 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 valued at $63,000 after acquiring an additional 231 shares during the period. GAMMA Investing LLC lifted its position 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 worth $112,000 after acquiring an additional 353 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 4.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after acquiring an additional 422 shares during the period. Finally, Wintrust Investments LLC grew its position in shares of First Trust Long/Short Equity ETF by 35.6% in the fourth quarter. Wintrust Investments LLC now owns 1,725 shares of the company’s stock valued at $113,000 after purchasing an additional 453 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $63.47 on Friday. First Trust Long/Short Equity ETF has a 52-week low of $58.92 and a 52-week high of $69.94. The stock’s 50-day simple moving average is $66.15 and its 200 day simple moving average is $65.51. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 24.26 and a beta of 0.50.

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.