Kingsview Wealth Management LLC Purchases Shares of 46,160 First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Kingsview Wealth Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,160 shares of the company’s stock, valued at approximately $3,038,000. Kingsview Wealth Management LLC owned about 0.23% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FTLS. Brookstone Capital Management raised its position in First Trust Long/Short Equity ETF by 11.2% during the third quarter. Brookstone Capital Management now owns 7,363 shares of the company’s stock worth $467,000 after acquiring an additional 740 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of First Trust Long/Short Equity ETF in the 3rd quarter valued at about $35,000. Montis Financial LLC acquired a new stake in First Trust Long/Short Equity ETF in the 3rd quarter valued at about $1,059,000. Concourse Financial Group Securities Inc. grew its holdings in First Trust Long/Short Equity ETF by 217.3% during the third quarter. Concourse Financial Group Securities Inc. now owns 7,694 shares of the company’s stock worth $488,000 after purchasing an additional 5,269 shares during the period. Finally, Iams Wealth Management LLC increased its position in First Trust Long/Short Equity ETF by 20.0% during the third quarter. Iams Wealth Management LLC now owns 13,101 shares of the company’s stock worth $832,000 after buying an additional 2,179 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.6 %

FTLS opened at $67.51 on Monday. The stock’s fifty day simple moving average is $66.93 and its 200 day simple moving average is $64.79. First Trust Long/Short Equity ETF has a 1-year low of $58.35 and a 1-year high of $69.94. The stock has a market cap of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62.

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.