Morey & Quinn Wealth Partners LLC Buys Shares of 4,500 First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Morey & Quinn Wealth Partners LLC purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,500 shares of the company’s stock, valued at approximately $296,000.

A number of other hedge funds also recently made changes to their positions in FTLS. Signature Estate & Investment Advisors LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 9.5% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 25,842 shares of the company’s stock valued at $1,701,000 after purchasing an additional 2,237 shares during the period. LPL Financial LLC increased its stake in First Trust Long/Short Equity ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 1,907,555 shares of the company’s stock valued at $125,536,000 after buying an additional 194,659 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter worth about $487,000. Viawealth LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 13.6% in the 4th quarter. Viawealth LLC now owns 69,709 shares of the company’s stock worth $4,588,000 after acquiring an additional 8,362 shares during the period. Finally, TAP Consulting LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 5.2% in the fourth quarter. TAP Consulting LLC now owns 35,389 shares of the company’s stock valued at $2,329,000 after acquiring an additional 1,762 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA FTLS opened at $64.60 on Wednesday. The firm has a market capitalization of $1.92 billion, a PE ratio of 24.26 and a beta of 0.50. First Trust Long/Short Equity ETF has a 12 month low of $58.92 and a 12 month high of $69.94. The company’s 50 day simple moving average is $66.34 and its 200 day simple moving average is $65.49.

First Trust Long/Short Equity ETF 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.