Centric Wealth Management Invests $7.63 Million in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Centric Wealth Management purchased a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 129,085 shares of the company’s stock, valued at approximately $7,625,000. First Trust Long/Short Equity ETF comprises about 2.4% of Centric Wealth Management’s investment portfolio, making the stock its 8th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated raised its holdings in shares of First Trust Long/Short Equity ETF by 30.1% in the fourth quarter. Silver Oak Securities Incorporated now owns 23,887 shares of the company’s stock valued at $1,344,000 after buying an additional 5,533 shares during the last quarter. Cardinal Point Capital Management ULC raised its position in First Trust Long/Short Equity ETF by 3.2% in the 4th quarter. Cardinal Point Capital Management ULC now owns 91,799 shares of the company’s stock worth $5,165,000 after purchasing an additional 2,883 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust Long/Short Equity ETF by 155.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,733 shares of the company’s stock worth $941,000 after buying an additional 10,174 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in First Trust Long/Short Equity ETF by 36.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 25,063 shares of the company’s stock worth $1,410,000 after buying an additional 6,684 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its position in First Trust Long/Short Equity ETF by 34.8% in the 4th quarter. Sowell Financial Services LLC now owns 84,158 shares of the company’s stock valued at $4,735,000 after buying an additional 21,739 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock traded down $0.07 on Wednesday, reaching $60.56. 68,163 shares of the stock were exchanged, compared to its average volume of 133,967. First Trust Long/Short Equity ETF has a one year low of $51.02 and a one year high of $61.85. The stock has a market cap of $1.20 billion, a PE ratio of 19.46 and a beta of 0.62. The stock has a 50 day moving average price of $60.63 and a 200 day moving average price of $58.01.

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.