Wellington Altus USA Inc. Has $225,000 Stake in First Trust Long/Short Equity ETF $FTLS

Wellington Altus USA Inc. lowered its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 83.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,202 shares of the company’s stock after selling 16,640 shares during the quarter. Wellington Altus USA Inc.’s holdings in First Trust Long/Short Equity ETF were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTLS. Tidemark LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC bought a new position in First Trust Long/Short Equity ETF in the 1st quarter valued at about $75,000. Cullen Frost Bankers Inc. boosted 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 during the last quarter. Coppell Advisory Solutions LLC acquired a new position in First Trust Long/Short Equity ETF during the 2nd quarter valued at about $107,000. Finally, CoreCap Advisors LLC increased its holdings in First Trust Long/Short Equity ETF by 14.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after purchasing an additional 185 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.9%

Shares of FTLS traded up $0.67 during trading hours on Thursday, reaching $76.65. 193,567 shares of the stock traded hands, compared to its average volume of 116,808. First Trust Long/Short Equity ETF has a 52 week low of $67.94 and a 52 week high of $77.52. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. The stock has a fifty day simple moving average of $75.74 and a 200 day simple moving average of $73.75.

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.