First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Position Cut by Maia Wealth LLC

Maia Wealth LLC reduced its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,169 shares of the company’s stock after selling 429 shares during the quarter. Maia Wealth LLC’s holdings in First Trust Long/Short Equity ETF were worth $204,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. acquired a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at $35,000. NBC Securities Inc. raised its position in First Trust Long/Short Equity ETF by 184.2% in the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after acquiring an additional 523 shares in the last quarter. GAMMA Investing LLC acquired a new stake in First Trust Long/Short Equity ETF in the 2nd quarter valued at about $84,000. Larson Financial Group LLC grew its stake in shares of First Trust Long/Short Equity ETF by 44.2% in the 2nd quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock worth $160,000 after purchasing an additional 785 shares during the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in First Trust Long/Short Equity ETF during the second quarter valued at approximately $204,000.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA:FTLS opened at $65.35 on Thursday. The stock has a fifty day moving average of $63.52 and a 200-day moving average of $62.50. The company has a market capitalization of $1.30 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a one year low of $53.96 and a one year high of $65.36.

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.