Center For Asset Management LLC Purchases 7,468 Shares of First Trust Long/Short Equity ETF $FTLS

Center For Asset Management LLC grew its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 17.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,229 shares of the company’s stock after acquiring an additional 7,468 shares during the quarter. First Trust Long/Short Equity ETF accounts for 1.7% of Center For Asset Management LLC’s holdings, making the stock its 17th biggest position. Center For Asset Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $3,464,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Assetmark Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 728.0% in the fourth quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after purchasing an additional 446,569 shares in the last quarter. Seeds Investor LLC acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $3,283,000. Triad Wealth Partners LLC acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $527,000. Kingsview Wealth Management LLC grew its position in First Trust Long/Short Equity ETF by 35.4% in the third quarter. Kingsview Wealth Management LLC now owns 76,893 shares of the company’s stock valued at $5,379,000 after purchasing an additional 20,123 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in First Trust Long/Short Equity ETF by 159.4% in the fourth quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock valued at $17,396,000 after purchasing an additional 150,598 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $74.50 on Monday. First Trust Long/Short Equity ETF has a 1 year low of $64.63 and a 1 year high of $75.09. The firm’s fifty day moving average price is $73.73 and its two-hundred day moving average price is $71.93. The firm has a market capitalization of $2.31 billion, a P/E ratio of 21.59 and a beta of 0.50.

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.