Philip James Wealth Mangement LLC Purchases 233 Shares of First Trust Long/Short Equity ETF $FTLS

Philip James Wealth Mangement LLC boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,878 shares of the company’s stock after acquiring an additional 233 shares during the period. First Trust Long/Short Equity ETF makes up approximately 1.0% of Philip James Wealth Mangement LLC’s holdings, making the stock its 19th largest holding. Philip James Wealth Mangement LLC’s holdings in First Trust Long/Short Equity ETF were worth $8,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTLS. GAMMA Investing LLC increased its stake in First Trust Long/Short Equity ETF by 5,015.1% during the first quarter. GAMMA Investing LLC now owns 86,957 shares of the company’s stock valued at $5,572,000 after acquiring an additional 85,257 shares during the period. NBC Securities Inc. bought a new stake in shares of First Trust Long/Short Equity ETF in the 1st quarter valued at approximately $51,000. Richard P Slaughter Associates Inc grew its stake in shares of First Trust Long/Short Equity ETF by 5.1% in the 1st quarter. Richard P Slaughter Associates Inc now owns 116,886 shares of the company’s stock valued at $7,490,000 after purchasing an additional 5,650 shares during the period. Signal Advisors Wealth LLC grew its stake in shares of First Trust Long/Short Equity ETF by 188.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 13,421 shares of the company’s stock valued at $860,000 after purchasing an additional 8,774 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the 1st quarter valued at approximately $630,000.

First Trust Long/Short Equity ETF Trading Up 0.3%

FTLS stock opened at $70.16 on Thursday. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $70.22. The firm has a market cap of $2.03 billion, a P/E ratio of 21.59 and a beta of 0.51. The business’s 50 day moving average is $67.93 and its 200-day moving average is $65.67.

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.