Axxcess Wealth Management LLC Acquires Shares of 35,706 First Trust Long/Short Equity ETF $FTLS

Axxcess Wealth Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,706 shares of the company’s stock, valued at approximately $2,535,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. RFG Advisory LLC raised its position in First Trust Long/Short Equity ETF by 0.7% during the third quarter. RFG Advisory LLC now owns 26,122 shares of the company’s stock valued at $1,827,000 after purchasing an additional 174 shares during the period. GPS Wealth Strategies Group LLC raised its position in First Trust Long/Short Equity ETF by 87.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock valued at $28,000 after purchasing an additional 186 shares during the period. Hilltop Holdings Inc. raised its position in First Trust Long/Short Equity ETF by 2.6% during the third quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock valued at $549,000 after purchasing an additional 196 shares during the period. Rossby Financial LCC raised its position in First Trust Long/Short Equity ETF by 48.1% during the third quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after purchasing an additional 225 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its position in First Trust Long/Short Equity ETF by 2.0% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 13,303 shares of the company’s stock valued at $944,000 after purchasing an additional 259 shares during the period.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $74.65 on Monday. First Trust Long/Short Equity ETF has a 1 year low of $64.47 and a 1 year high of $74.79. The stock’s 50 day simple moving average is $72.04 and its two-hundred day simple moving average is $71.47. The company has a market cap of $2.31 billion, a PE ratio of 21.59 and a beta of 0.51.

About First Trust Long/Short Equity ETF

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.