LFA Lugano Financial Advisors SA Lowers Stock Holdings in First Trust Long/Short Equity ETF $FTLS

LFA Lugano Financial Advisors SA reduced its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,078 shares of the company’s stock after selling 7,223 shares during the quarter. First Trust Long/Short Equity ETF makes up approximately 1.8% of LFA Lugano Financial Advisors SA’s portfolio, making the stock its 12th biggest position. LFA Lugano Financial Advisors SA’s holdings in First Trust Long/Short Equity ETF were worth $3,664,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Burkett Financial Services LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the third quarter worth $28,000. Tidemark LLC purchased a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at $29,000. Jones Financial Companies Lllp boosted its holdings in 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 valued at $30,000 after purchasing an additional 468 shares during the period. Rossby Financial LCC grew its stake in First Trust Long/Short Equity ETF by 25.4% during the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after purchasing an additional 176 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in First Trust Long/Short Equity ETF by 801.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after purchasing an additional 1,307 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

FTLS stock opened at $74.68 on Wednesday. The business’s 50-day moving average is $74.19 and its two-hundred day moving average is $72.29. The firm has a market capitalization of $2.45 billion, a P/E ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1 year low of $65.56 and a 1 year high of $75.14.

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.