IMG Wealth Management Inc. Purchases 8,734 Shares of First Trust Long/Short Equity ETF $FTLS

by · The Cerbat Gem

IMG Wealth Management Inc. grew its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 11.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 88,307 shares of the company’s stock after purchasing an additional 8,734 shares during the quarter. First Trust Long/Short Equity ETF accounts for 4.0% of IMG Wealth Management Inc.’s holdings, making the stock its 5th largest holding. IMG Wealth Management Inc.’s holdings in First Trust Long/Short Equity ETF were worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth about $25,000. GPS Wealth Strategies Group LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 87.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after purchasing an additional 186 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth about $28,000. Jones Financial Companies Lllp boosted its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% during the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares during the last quarter. Finally, Rossby Financial LCC boosted its stake in shares of First Trust Long/Short Equity ETF by 48.1% during the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock worth $49,000 after purchasing an additional 225 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

FTLS opened at $74.25 on Friday. The company’s 50 day simple moving average is $71.67 and its 200 day simple moving average is $71.35. First Trust Long/Short Equity ETF has a 1 year low of $64.47 and a 1 year high of $74.79. The stock has a market capitalization of $2.30 billion, a PE ratio of 21.59 and a beta of 0.51.

First Trust Long/Short Equity ETF Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding FTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report).