WealthPlan Investment Management LLC Purchases 17,575 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

WealthPlan Investment Management LLC raised its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,114 shares of the company’s stock after acquiring an additional 17,575 shares during the quarter. WealthPlan Investment Management LLC owned approximately 0.75% of First Trust Long/Short Equity ETF worth $9,747,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA bought a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at $36,000. Blue Trust Inc. purchased a new position in First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $52,000. NBC Securities Inc. increased its stake in First Trust Long/Short Equity ETF by 184.2% in the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after acquiring an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $75,000. Finally, GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 353 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $67.75 on Friday. First Trust Long/Short Equity ETF has a fifty-two week low of $58.35 and a fifty-two week high of $69.94. The company’s fifty day moving average is $67.01 and its 200 day moving average is $64.95. The stock has a market capitalization of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62.

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.