Wealthsource Partners LLC Makes New Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Wealthsource Partners LLC acquired a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Rating) in the 3rd quarter, Holdings Channel reports. The firm acquired 9,472 shares of the company’s stock, valued at approximately $444,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Virtue Capital Management LLC lifted its holdings in First Trust Long/Short Equity ETF by 1.2% in the third quarter. Virtue Capital Management LLC now owns 22,288 shares of the company’s stock worth $1,044,000 after buying an additional 275 shares during the period. OneAscent Financial Services LLC increased its stake in shares of First Trust Long/Short Equity ETF by 5.4% during the third quarter. OneAscent Financial Services LLC now owns 5,561 shares of the company’s stock valued at $260,000 after purchasing an additional 285 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 5.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 9,058 shares of the company’s stock valued at $424,000 after purchasing an additional 472 shares during the last quarter. Leelyn Smith LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 88.1% during the third quarter. Leelyn Smith LLC now owns 1,127 shares of the company’s stock valued at $53,000 after purchasing an additional 528 shares during the last quarter. Finally, Heritage Wealth Management LLC purchased a new position in shares of First Trust Long/Short Equity ETF during the second quarter valued at approximately $32,000.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $49.00 on Wednesday. The firm has a 50 day moving average price of $49.72 and a 200-day moving average price of $49.22. First Trust Long/Short Equity ETF has a 52-week low of $46.64 and a 52-week high of $51.85. The firm has a market capitalization of $612.50 million, a price-to-earnings ratio of 17.39 and a beta of 0.51.

First Trust Long/Short Equity ETF Profile

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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.