First Trust Long/Short Equity ETF $FTLS is Cornerstone Planning Group LLC’s 10th Largest Position

Cornerstone Planning Group LLC raised its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,621 shares of the company’s stock after buying an additional 18,044 shares during the period. First Trust Long/Short Equity ETF comprises about 2.4% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 10th biggest position. Cornerstone Planning Group LLC owned 0.76% of First Trust Long/Short Equity ETF worth $17,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in FTLS. Assetmark Inc. lifted its holdings in shares of First Trust Long/Short Equity ETF by 9.3% during the 1st quarter. Assetmark Inc. now owns 555,229 shares of the company’s stock worth $39,066,000 after acquiring an additional 47,314 shares during the last quarter. Fiscal Wisdom Wealth Management LLC increased its stake in First Trust Long/Short Equity ETF by 142.4% in the first quarter. Fiscal Wisdom Wealth Management LLC now owns 15,078 shares of the company’s stock valued at $1,061,000 after acquiring an additional 8,857 shares during the last quarter. Bessemer Group Inc. bought a new position in First Trust Long/Short Equity ETF in the first quarter valued at $181,000. Independent Financial Group LLC purchased a new stake in First Trust Long/Short Equity ETF during the first quarter valued at about $1,270,000. Finally, Bank of New York Mellon Corp raised its position in First Trust Long/Short Equity ETF by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 24,067 shares of the company’s stock valued at $1,693,000 after purchasing an additional 541 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.2%

Shares of FTLS stock opened at $74.70 on Friday. The business has a 50-day moving average price of $74.23 and a two-hundred day moving average price of $72.35. First Trust Long/Short Equity ETF has a 12-month low of $65.84 and a 12-month high of $75.14. The firm has a market cap of $2.45 billion, a P/E ratio of 21.59 and a beta of 0.50.

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.