RiverTree Advisors LLC Has $1.33 Million Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

RiverTree Advisors LLC reduced its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 60.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,278 shares of the company’s stock after selling 30,692 shares during the quarter. First Trust Long/Short Equity ETF accounts for about 0.9% of RiverTree Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. RiverTree Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of FTLS. Ameritas Advisory Services LLC boosted its position in First Trust Long/Short Equity ETF by 125.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 17,682 shares of the company’s stock worth $1,164,000 after acquiring an additional 9,856 shares during the last quarter. Richard P Slaughter Associates Inc lifted its position in shares of First Trust Long/Short Equity ETF by 4.3% in the fourth quarter. Richard P Slaughter Associates Inc now owns 111,236 shares of the company’s stock worth $7,320,000 after purchasing an additional 4,608 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in First Trust Long/Short Equity ETF by 11.2% during the fourth quarter. Park Avenue Securities LLC now owns 8,917 shares of the company’s stock worth $587,000 after purchasing an additional 898 shares during the last quarter. Cardinal Point Capital Management ULC grew its position in First Trust Long/Short Equity ETF by 4.2% in the fourth quarter. Cardinal Point Capital Management ULC now owns 125,184 shares of the company’s stock valued at $8,238,000 after purchasing an additional 5,010 shares in the last quarter. Finally, City Center Advisors LLC acquired a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at $638,000.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $67.20 on Monday. The firm has a 50-day moving average of $66.34 and a 200-day moving average of $64.30. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a one year low of $57.30 and a one year high of $67.92.

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.