Koshinski Asset Management Inc. Has $5.83 Million Stock Position in First Trust Long/Short Equity ETF $FTLS

Koshinski Asset Management Inc. lifted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 48.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,355 shares of the company’s stock after buying an additional 27,174 shares during the period. Koshinski Asset Management Inc. owned about 0.29% of First Trust Long/Short Equity ETF worth $5,831,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FTLS. Ameriprise Financial Inc. grew its stake in First Trust Long/Short Equity ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after acquiring an additional 231,155 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock valued at $44,633,000 after purchasing an additional 209,579 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 207.6% during the 3rd quarter. Merit Financial Group LLC now owns 94,453 shares of the company’s stock valued at $6,607,000 after purchasing an additional 63,746 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Long/Short Equity ETF by 8.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 579,756 shares of the company’s stock valued at $38,426,000 after purchasing an additional 45,680 shares during the period. Finally, Kingswood Wealth Advisors LLC grew its position in shares of First Trust Long/Short Equity ETF by 66.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 113,163 shares of the company’s stock valued at $7,916,000 after purchasing an additional 45,234 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $71.20 on Friday. The company has a market capitalization of $2.18 billion, a P/E ratio of 21.59 and a beta of 0.48. The company’s 50 day moving average price is $71.25 and its two-hundred day moving average price is $70.13. First Trust Long/Short Equity ETF has a 52 week low of $58.90 and a 52 week high of $72.39.

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.