Geneos Wealth Management Inc. Cuts Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Geneos Wealth Management Inc. reduced its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,292 shares of the company’s stock after selling 274 shares during the quarter. Geneos Wealth Management Inc.’s holdings in First Trust Long/Short Equity ETF were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FTLS. National Bank of Canada FI lifted its holdings in First Trust Long/Short Equity ETF by 127.7% during the fourth quarter. National Bank of Canada FI now owns 535 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. Larson Financial Group LLC bought a new stake in First Trust Long/Short Equity ETF during the fourth quarter worth $100,000. Allworth Financial LP bought a new stake in First Trust Long/Short Equity ETF during the fourth quarter worth $114,000. Concourse Financial Group Securities Inc. lifted its holdings in First Trust Long/Short Equity ETF by 248,800.0% during the first quarter. Concourse Financial Group Securities Inc. now owns 2,489 shares of the company’s stock worth $153,000 after acquiring an additional 2,488 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in First Trust Long/Short Equity ETF during the fourth quarter worth $197,000.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS opened at $62.95 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of 19.46 and a beta of 0.62. The stock’s fifty day moving average price is $61.94 and its two-hundred day moving average price is $60.28. First Trust Long/Short Equity ETF has a 1 year low of $52.15 and a 1 year high of $63.55.

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.