Koshinski Asset Management Inc. Decreases Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Koshinski Asset Management Inc. trimmed its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,493 shares of the company’s stock after selling 965 shares during the period. Koshinski Asset Management Inc.’s holdings in First Trust Long/Short Equity ETF were worth $2,994,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of First Trust Long/Short Equity ETF by 4,148.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after acquiring an additional 413,979 shares during the last quarter. World Investment Advisors LLC purchased a new position in First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $21,644,000. International Assets Investment Management LLC lifted its position in First Trust Long/Short Equity ETF by 4,639.2% in the third quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock valued at $197,200,000 after purchasing an additional 304,146 shares during the last quarter. LPL Financial LLC boosted its stake in shares of 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 valued at $108,718,000 after purchasing an additional 150,887 shares during the period. Finally, Proactive Wealth Strategies LLC bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth approximately $4,435,000.

First Trust Long/Short Equity ETF Stock Up 0.4 %

NYSEARCA:FTLS opened at $67.20 on Tuesday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 19.46 and a beta of 0.62. The company has a fifty day moving average of $66.37 and a 200 day moving average of $64.33. First Trust Long/Short Equity ETF has a 52 week low of $57.30 and a 52 week high of $67.92.

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.