Cornerstone Planning Group LLC Increases Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cornerstone Planning Group LLC boosted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.1% during the third quarter, HoldingsChannel reports. The fund owned 183,648 shares of the company’s stock after buying an additional 10,609 shares during the quarter. First Trust Long/Short Equity ETF comprises 2.6% of Cornerstone Planning Group LLC’s holdings, making the stock its 12th biggest position. Cornerstone Planning Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $11,785,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. purchased a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at $35,000. NBC Securities Inc. increased its position in shares of First Trust Long/Short Equity ETF by 184.2% during the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after buying an additional 523 shares during the period. GAMMA Investing LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the second quarter worth about $84,000. Larson Financial Group LLC boosted its position in shares of First Trust Long/Short Equity ETF by 44.2% in the second quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock valued at $160,000 after acquiring an additional 785 shares during the period. Finally, Insigneo Advisory Services LLC purchased a new position in First Trust Long/Short Equity ETF during the second quarter valued at approximately $203,000.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA FTLS opened at $65.50 on Wednesday. The company’s 50 day simple moving average is $63.70 and its two-hundred day simple moving average is $62.68. The stock has a market capitalization of $1.30 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 1 year low of $54.48 and a 1 year high of $65.76.

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.