SMART Wealth LLC Sells 833 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

SMART Wealth LLC lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,624 shares of the company’s stock after selling 833 shares during the period. SMART Wealth LLC owned 0.09% of First Trust Long/Short Equity ETF worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its position in First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock worth $108,718,000 after acquiring an additional 150,887 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Trust Long/Short Equity ETF by 4,148.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after purchasing an additional 413,979 shares during the last quarter. World Investment Advisors LLC acquired a new position in First Trust Long/Short Equity ETF in the 3rd quarter valued at $21,644,000. Private Advisor Group LLC increased its position in First Trust Long/Short Equity ETF by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock worth $21,455,000 after buying an additional 25,151 shares during the period. Finally, Financial Enhancement Group LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 15.4% during the third quarter. Financial Enhancement Group LLC now owns 311,985 shares of the company’s stock worth $19,802,000 after buying an additional 41,617 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $67.90 on Friday. First Trust Long/Short Equity ETF has a 52 week low of $58.35 and a 52 week high of $68.64. The company has a market capitalization of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62. The company’s 50-day simple moving average is $66.91 and its 200 day simple moving average is $64.73.

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.