GeoWealth Management LLC Cuts Stock Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

GeoWealth Management LLC trimmed its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 32.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,304 shares of the company’s stock after selling 5,426 shares during the period. GeoWealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at about $34,000. Comprehensive Financial Planning Inc. PA purchased a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $36,000. Wells Fargo & Company MN increased its position in First Trust Long/Short Equity ETF by 775.0% during the 4th quarter. Wells Fargo & Company MN now owns 735 shares of the company’s stock worth $48,000 after purchasing an additional 651 shares during the period. Blue Trust Inc. purchased a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $52,000. Finally, Tucker Asset Management LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 45.7% in the 4th quarter. Tucker Asset Management LLC now owns 861 shares of the company’s stock valued at $57,000 after buying an additional 270 shares during the period.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $61.98 on Monday. The stock’s 50 day moving average price is $64.31 and its 200 day moving average price is $65.42. The company has a market cap of $1.87 billion, a PE ratio of 24.14 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $69.94.

First Trust Long/Short Equity ETF Company 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.