WealthPlan Investment Management LLC Purchases 17,575 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

WealthPlan Investment Management LLC boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 13.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 148,114 shares of the company’s stock after acquiring an additional 17,575 shares during the quarter. WealthPlan Investment Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $9,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTLS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at $36,000. NBC Securities Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 184.2% during the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after buying an additional 523 shares during the period. Blue Trust Inc. bought a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Long/Short Equity ETF in the third quarter worth about $75,000. Finally, GAMMA Investing LLC grew its holdings in 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 worth $112,000 after acquiring an additional 353 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $67.75 on Friday. The stock has a market capitalization of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62. The company has a 50 day moving average price of $67.01 and a 200-day moving average price of $64.95. First Trust Long/Short Equity ETF has a fifty-two week low of $58.35 and a fifty-two week high of $69.94.

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.