Tcfg Wealth Management LLC Makes New $7.62 Million Investment in First Trust Long/Short Equity ETF $FTLS

Tcfg Wealth Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 108,905 shares of the company’s stock, valued at approximately $7,618,000. First Trust Long/Short Equity ETF accounts for about 0.6% of Tcfg Wealth Management LLC’s portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTLS. NewEdge Advisors LLC lifted its position in First Trust Long/Short Equity ETF by 32.6% during the first quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after purchasing an additional 1,803 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after buying an additional 468 shares during the period. Focus Partners Wealth raised its stake in shares of First Trust Long/Short Equity ETF by 6.6% in the first quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock worth $1,468,000 after buying an additional 1,414 shares during the period. Bank of Montreal Can lifted its position in shares of First Trust Long/Short Equity ETF by 11.3% during the 2nd quarter. Bank of Montreal Can now owns 5,786 shares of the company’s stock valued at $384,000 after buying an additional 587 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of First Trust Long/Short Equity ETF by 12.9% during the 2nd quarter. Kingsview Wealth Management LLC now owns 56,770 shares of the company’s stock valued at $3,763,000 after buying an additional 6,469 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.1%

Shares of NYSEARCA:FTLS opened at $70.10 on Wednesday. The stock has a 50 day moving average of $71.10 and a 200 day moving average of $70.55. The company has a market cap of $2.15 billion, a PE ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 12-month low of $58.90 and a 12-month high of $72.39.

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.