Ameritas Advisory Services LLC Cuts Stake in First Trust Long/Short Equity ETF $FTLS

Ameritas Advisory Services LLC trimmed its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 80.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,510 shares of the company’s stock after selling 10,238 shares during the quarter. Ameritas Advisory Services LLC’s holdings in First Trust Long/Short Equity ETF were worth $176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth $25,000. Creekmur Asset Management LLC bought a new stake in First Trust Long/Short Equity ETF in the 2nd quarter valued at $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 valued at $28,000 after acquiring an additional 186 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $79,000.

First Trust Long/Short Equity ETF Stock Up 0.0%

Shares of First Trust Long/Short Equity ETF stock opened at $70.83 on Wednesday. First Trust Long/Short Equity ETF has a twelve month low of $58.90 and a twelve month high of $72.39. The business has a 50-day moving average price of $71.25 and a 200-day moving average price of $70.05. 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.