First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Sold by Golden State Equity Partners

Golden State Equity Partners lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 20.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,820 shares of the company’s stock after selling 5,079 shares during the period. Golden State Equity Partners owned about 0.10% of First Trust Long/Short Equity ETF worth $1,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FTLS. Jane Street Group LLC purchased a new position in First Trust Long/Short Equity ETF in the third quarter valued at about $2,329,000. JPMorgan Chase & Co. grew its stake in shares of First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after buying an additional 413,979 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after buying an additional 353 shares during the period. SMART Wealth LLC lifted its position in First Trust Long/Short Equity ETF by 10.0% during the 3rd quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock worth $1,235,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its position in First Trust Long/Short Equity ETF by 4.2% during the 3rd quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock worth $741,000 after acquiring an additional 474 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA:FTLS opened at $67.59 on Friday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The company has a 50 day moving average of $66.77 and a two-hundred day moving average of $64.60. First Trust Long/Short Equity ETF has a 52-week low of $57.78 and a 52-week high of $68.64.

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.