First Heartland Consultants Inc. Takes $464,000 Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

First Heartland Consultants Inc. purchased a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,417 shares of the company’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI raised its position in First Trust Long/Short Equity ETF by 127.7% during the fourth quarter. National Bank of Canada FI now owns 535 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new position in First Trust Long/Short Equity ETF during the second quarter worth $84,000. Larson Financial Group LLC acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $100,000. Concourse Financial Group Securities Inc. raised its holdings in First Trust Long/Short Equity ETF by 248,800.0% during the first quarter. Concourse Financial Group Securities Inc. now owns 2,489 shares of the company’s stock valued at $153,000 after buying an additional 2,488 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter worth about $197,000.

First Trust Long/Short Equity ETF Price Performance

FTLS traded down $0.11 on Monday, hitting $63.44. The company had a trading volume of 30,325 shares, compared to its average volume of 137,601. The company’s fifty day moving average price is $62.67 and its 200 day moving average price is $61.38. First Trust Long/Short Equity ETF has a 1-year low of $52.15 and a 1-year high of $63.87. The stock has a market cap of $1.26 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.