Compound Planning Inc. Trims Position in First Trust Long/Short Equity ETF $FTLS

Compound Planning Inc. lowered its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 14.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 142,519 shares of the company’s stock after selling 24,840 shares during the period. Compound Planning Inc.’s holdings in First Trust Long/Short Equity ETF were worth $9,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of First Trust Long/Short Equity ETF by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after purchasing an additional 1,803 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares during the period. Focus Partners Wealth grew its position in First Trust Long/Short Equity ETF by 6.6% in the 1st quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock valued at $1,468,000 after buying an additional 1,414 shares during the last quarter. Sage Mountain Advisors LLC purchased a new position in First Trust Long/Short Equity ETF in the 2nd quarter valued at $201,000. Finally, Envestnet Asset Management Inc. increased its stake in First Trust Long/Short Equity ETF by 8.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 579,756 shares of the company’s stock valued at $38,426,000 after buying an additional 45,680 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock opened at $70.94 on Tuesday. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $72.39. The company has a market cap of $2.17 billion, a P/E ratio of 21.59 and a beta of 0.48. The firm has a fifty day moving average of $71.25 and a two-hundred day moving average of $70.18.

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.