Cedrus LLC Sells 1,098 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cedrus LLC lowered its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,178 shares of the company’s stock after selling 1,098 shares during the period. Cedrus LLC owned about 0.07% of First Trust Long/Short Equity ETF worth $836,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FTLS. LPL Financial LLC raised its stake in First Trust Long/Short Equity ETF by 27.3% during the second quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock worth $97,766,000 after buying an additional 335,072 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Long/Short Equity ETF by 557.2% during the first quarter. Cetera Investment Advisers now owns 283,043 shares of the company’s stock worth $17,452,000 after buying an additional 239,972 shares during the last quarter. Private Advisor Group LLC raised its stake in First Trust Long/Short Equity ETF by 69.2% during the first quarter. Private Advisor Group LLC now owns 302,862 shares of the company’s stock worth $18,675,000 after buying an additional 123,860 shares during the last quarter. EdgeRock Capital LLC bought a new position in First Trust Long/Short Equity ETF during the second quarter worth $5,525,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in First Trust Long/Short Equity ETF by 390.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 60,624 shares of the company’s stock worth $3,794,000 after buying an additional 48,264 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.1 %

NYSEARCA:FTLS opened at $64.91 on Friday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The firm has a fifty day simple moving average of $63.21 and a two-hundred day simple moving average of $62.16. First Trust Long/Short Equity ETF has a 12 month low of $52.15 and a 12 month high of $65.00.

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.