Stratos Wealth Advisors LLC Raises Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Stratos Wealth Advisors LLC increased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,752 shares of the company’s stock after buying an additional 510 shares during the quarter. Stratos Wealth Advisors LLC owned about 0.13% of First Trust Long/Short Equity ETF worth $1,695,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FTLS. Sanctuary Advisors LLC acquired a new stake in First Trust Long/Short Equity ETF in the second quarter valued at approximately $1,992,000. Dynamic Advisor Solutions LLC increased its stake in First Trust Long/Short Equity ETF by 25.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,894 shares of the company’s stock worth $818,000 after buying an additional 2,592 shares during the period. Brookstone Capital Management lifted its holdings in First Trust Long/Short Equity ETF by 11.2% in the 3rd quarter. Brookstone Capital Management now owns 7,363 shares of the company’s stock worth $467,000 after buying an additional 740 shares in the last quarter. Patten Group Inc. boosted its position in First Trust Long/Short Equity ETF by 7.2% in the 3rd quarter. Patten Group Inc. now owns 32,150 shares of the company’s stock valued at $2,041,000 after buying an additional 2,151 shares during the last quarter. Finally, UMB Bank n.a. acquired a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at about $35,000.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA:FTLS opened at $67.66 on Thursday. 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 one year low of $58.35 and a one year high of $68.64. The business’s 50-day simple moving average is $66.87 and its 200 day simple moving average is $64.71.

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.