Assetmark Inc. Sells 12,801 Shares of First Trust Long/Short Equity ETF $FTLS

Assetmark Inc. lowered its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 17.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,346 shares of the company’s stock after selling 12,801 shares during the period. Assetmark Inc. owned approximately 0.21% of First Trust Long/Short Equity ETF worth $4,291,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in First Trust Long/Short Equity ETF during the 3rd quarter valued at about $25,000. Creekmur Asset Management LLC purchased a new stake in First Trust Long/Short Equity ETF in the second quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC increased its holdings in First Trust Long/Short Equity ETF by 87.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after buying an additional 186 shares during the period. Jones Financial Companies Lllp lifted 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 acquiring an additional 468 shares during the period. Finally, Salem Investment Counselors Inc. purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $79,000.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS opened at $70.83 on Wednesday. The company has a 50 day moving average price of $71.25 and a 200-day moving average price of $70.05. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.39. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48.

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.