Darwin Wealth Management LLC Lowers Stock Holdings in First Trust Long/Short Equity ETF $FTLS

Darwin Wealth Management LLC lowered its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 49.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 18,276 shares of the company’s stock after selling 17,724 shares during the period. Darwin Wealth Management LLC owned 0.06% of First Trust Long/Short Equity ETF worth $1,286,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTLS. Rossby Financial LCC boosted its position in First Trust Long/Short Equity ETF by 25.4% during the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after acquiring an additional 176 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in First Trust Long/Short Equity ETF by 2.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock worth $549,000 after purchasing an additional 196 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of First Trust Long/Short Equity ETF by 10.2% during the 4th quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock worth $182,000 after purchasing an additional 236 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in shares of First Trust Long/Short Equity ETF by 2.0% in 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 in the last quarter. Finally, Revisor Wealth Management LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 2.8% in the fourth quarter. Revisor Wealth Management LLC now owns 9,686 shares of the company’s stock valued at $690,000 after purchasing an additional 265 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock opened at $74.71 on Friday. The business’s 50 day moving average price is $74.16 and its 200 day moving average price is $72.24. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a one year low of $65.56 and a one year high of $75.11.

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.