Apollon Wealth Management LLC Purchases 1,098 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Apollon Wealth Management LLC increased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,694 shares of the company’s stock after purchasing an additional 1,098 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.14% of First Trust Long/Short Equity ETF worth $1,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FTLS. Jane Street Group LLC purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $2,329,000. JPMorgan Chase & Co. lifted its stake in First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after acquiring an additional 413,979 shares during the period. GAMMA Investing LLC boosted its holdings in First Trust Long/Short Equity ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after acquiring an additional 353 shares in the last quarter. SMART Wealth LLC increased its position in First Trust Long/Short Equity ETF by 10.0% during the 3rd quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock valued at $1,235,000 after purchasing an additional 1,775 shares during the period. Finally, Prospera Financial Services Inc raised its holdings in First Trust Long/Short Equity ETF by 4.2% in the 3rd quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock worth $741,000 after purchasing an additional 474 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.6 %

NYSEARCA:FTLS opened at $67.51 on Monday. The company has a 50-day moving average price of $66.93 and a 200-day moving average price of $64.79. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12 month low of $58.35 and a 12 month high of $69.94.

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.