Fiscal Wisdom Wealth Management LLC Grows Holdings in First Trust Long/Short Equity ETF $FTLS

Fiscal Wisdom Wealth Management LLC boosted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 142.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 15,078 shares of the company’s stock after acquiring an additional 8,857 shares during the quarter. First Trust Long/Short Equity ETF makes up 1.0% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. Fiscal Wisdom Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,061,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tidemark LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $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 last quarter. 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 valued at $62,000 after purchasing an additional 176 shares in the last quarter. 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 valued at $104,000 after purchasing an additional 1,307 shares in the last quarter. Finally, Smartleaf Asset Management LLC acquired a new stake in First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $115,000.

First Trust Long/Short Equity ETF Stock Down 0.3%

FTLS stock opened at $74.54 on Friday. The stock’s 50 day moving average is $74.22 and its two-hundred day moving average is $72.33. First Trust Long/Short Equity ETF has a 52-week low of $65.80 and a 52-week high of $75.14. The company has a market capitalization of $2.44 billion, a PE ratio of 21.59 and a beta of 0.50.

About First Trust Long/Short Equity ETF

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.