Coppell Advisory Solutions LLC Has $7.70 Million Stock Holdings in First Trust Long/Short Equity ETF $FTLS

Coppell Advisory Solutions LLC lifted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 29.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,591 shares of the company’s stock after purchasing an additional 26,801 shares during the quarter. First Trust Long/Short Equity ETF accounts for 0.9% of Coppell Advisory Solutions LLC’s investment portfolio, making the stock its 27th largest holding. Coppell Advisory Solutions LLC owned 0.40% of First Trust Long/Short Equity ETF worth $7,699,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC boosted its position in shares of First Trust Long/Short Equity ETF by 2.3% during the second quarter. Cyndeo Wealth Partners LLC now owns 12,964 shares of the company’s stock valued at $859,000 after buying an additional 296 shares during the last quarter. Private Trust Co. NA grew its stake in shares of First Trust Long/Short Equity ETF by 10.2% in the 2nd quarter. Private Trust Co. NA now owns 3,581 shares of the company’s stock worth $237,000 after acquiring an additional 331 shares in the last quarter. StoneX Group Inc. raised its holdings in shares of First Trust Long/Short Equity ETF by 3.0% in the second quarter. StoneX Group Inc. now owns 11,896 shares of the company’s stock valued at $788,000 after purchasing an additional 343 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of First Trust Long/Short Equity ETF by 456.0% during the second quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after purchasing an additional 383 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 107,543 shares of the company’s stock worth $7,128,000 after purchasing an additional 393 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $70.70 on Friday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $72.01. The company has a 50-day simple moving average of $70.56 and a two-hundred day simple moving average of $68.26.

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.