First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lowered its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 5.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,946 shares of the company’s stock after selling 682 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in First Trust Long/Short Equity ETF were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in shares of First Trust Long/Short Equity ETF by 4.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after buying an additional 422 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in First Trust Long/Short Equity ETF by 11.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 14,407 shares of the company’s stock worth $948,000 after purchasing an additional 1,513 shares during the period. Janney Montgomery Scott LLC boosted its holdings in First Trust Long/Short Equity ETF by 85.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 88,371 shares of the company’s stock worth $5,816,000 after purchasing an additional 40,782 shares during the period. Atomi Financial Group Inc. boosted its holdings in First Trust Long/Short Equity ETF by 44.7% in the fourth quarter. Atomi Financial Group Inc. now owns 153,152 shares of the company’s stock worth $10,079,000 after purchasing an additional 47,282 shares during the period. Finally, Ameritas Advisory Services LLC boosted its holdings in First Trust Long/Short Equity ETF by 125.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 17,682 shares of the company’s stock worth $1,164,000 after purchasing an additional 9,856 shares during the period.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $68.07 on Friday. The company has a market cap of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62. The company has a fifty day moving average price of $66.58 and a two-hundred day moving average price of $64.45. First Trust Long/Short Equity ETF has a 12 month low of $57.78 and a 12 month high of $68.64.

First Trust Long/Short Equity ETF 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.