Morey & Quinn Wealth Partners LLC Makes New $296,000 Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Morey & Quinn Wealth Partners LLC bought a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,500 shares of the company’s stock, valued at approximately $296,000.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in 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 worth $26,909,000 after purchasing an additional 413,979 shares during the period. World Investment Advisors LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter valued at about $21,644,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at about $16,769,000. LPL Financial LLC grew its position in shares of First Trust Long/Short Equity ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 1,907,555 shares of the company’s stock valued at $125,536,000 after buying an additional 194,659 shares during the last quarter. Finally, Ethos Financial Group LLC raised its stake in First Trust Long/Short Equity ETF by 4,297.8% during the fourth quarter. Ethos Financial Group LLC now owns 156,299 shares of the company’s stock worth $10,286,000 after acquiring an additional 152,745 shares during the period.

First Trust Long/Short Equity ETF Stock Down 0.0 %

Shares of FTLS stock opened at $64.60 on Wednesday. The company has a market cap of $1.92 billion, a P/E ratio of 24.26 and a beta of 0.50. The business has a 50 day moving average of $66.34 and a two-hundred day moving average of $65.49. First Trust Long/Short Equity ETF has a 52 week low of $58.92 and a 52 week high of $69.94.

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.