KMG Fiduciary Partners LLC Sells 1,281 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

KMG Fiduciary Partners LLC decreased its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 5.9% during the fourth quarter, Holdings Channel reports. The firm owned 20,389 shares of the company’s stock after selling 1,281 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in First Trust Long/Short Equity ETF by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 522,659 shares of the company’s stock valued at $32,713,000 after buying an additional 19,922 shares during the last quarter. Moors & Cabot Inc. increased its holdings in First Trust Long/Short Equity ETF by 10.5% during the second quarter. Moors & Cabot Inc. now owns 4,986 shares of the company’s stock valued at $312,000 after buying an additional 475 shares during the last quarter. WCG Wealth Advisors LLC purchased a new stake in First Trust Long/Short Equity ETF during the second quarter valued at approximately $889,000. Benjamin F. Edwards & Company Inc. increased its holdings in First Trust Long/Short Equity ETF by 5.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 21,995 shares of the company’s stock valued at $1,377,000 after buying an additional 1,134 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in First Trust Long/Short Equity ETF by 120.7% during the second quarter. AE Wealth Management LLC now owns 27,219 shares of the company’s stock valued at $1,704,000 after buying an additional 14,887 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.4 %

Shares of FTLS stock opened at $67.20 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $57.30 and a 12 month high of $67.92. The stock has a market cap of $1.33 billion, a P/E ratio of 19.46 and a beta of 0.62. The company has a 50 day simple moving average of $66.34 and a two-hundred day simple moving average of $64.28.

First Trust Long/Short Equity ETF 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.