First Trust Long/Short Equity ETF (NYSEARCA:FTLS) is Cornerstone Planning Group LLC’s 9th Largest Position

Cornerstone Planning Group LLC raised its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 188,711 shares of the company’s stock after acquiring an additional 5,063 shares during the period. First Trust Long/Short Equity ETF makes up approximately 3.1% of Cornerstone Planning Group LLC’s holdings, making the stock its 9th biggest position. Cornerstone Planning Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $12,644,000 as of its most recent SEC filing.

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

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA:FTLS opened at $67.51 on Monday. The stock’s 50-day simple moving average is $66.93 and its two-hundred day simple moving average is $64.79. The stock has a market capitalization 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 52-week low of $58.35 and a 52-week high of $69.94.

About First Trust Long/Short Equity ETF

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.