Brio Consultants LLC Lowers Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Brio Consultants LLC lowered its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 89,666 shares of the company’s stock after selling 2,641 shares during the period. First Trust Long/Short Equity ETF comprises approximately 0.9% of Brio Consultants LLC’s holdings, making the stock its 26th biggest holding. Brio Consultants LLC’s holdings in First Trust Long/Short Equity ETF were worth $5,901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FTLS. UMB Bank n.a. purchased a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth about $35,000. NBC Securities Inc. grew its stake in 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 worth $51,000 after buying an additional 523 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Long/Short Equity ETF during the third quarter worth approximately $75,000. GAMMA Investing LLC increased its position in shares of First Trust Long/Short Equity ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after acquiring an additional 353 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 4.6% in the 3rd quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock valued at $331,000 after acquiring an additional 228 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA:FTLS opened at $67.59 on Friday. The firm’s fifty day simple moving average is $66.77 and its 200 day simple moving average is $64.59. First Trust Long/Short Equity ETF has a twelve month low of $57.78 and a twelve month high of $68.64. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.