Global Retirement Partners LLC Trims Stock Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Global Retirement Partners LLC cut its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,355 shares of the company’s stock after selling 176 shares during the quarter. Global Retirement Partners LLC owned about 0.12% of First Trust Long/Short Equity ETF worth $1,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new position in First Trust Long/Short Equity ETF in the fourth quarter worth about $36,000. Blue Trust Inc. purchased a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $52,000. Principal Securities Inc. raised its position in shares of First Trust Long/Short Equity ETF by 31.9% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after acquiring an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $75,000. Finally, GAMMA Investing LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 26.2% in the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after purchasing an additional 353 shares during the period.

First Trust Long/Short Equity ETF Stock Down 0.5 %

Shares of FTLS stock opened at $67.67 on Friday. The business’s fifty day moving average is $67.07 and its 200 day moving average is $65.10. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a twelve month low of $58.35 and a twelve month high of $69.94.

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.