Mutual Advisors LLC Purchases Shares of 34,600 First Trust Long/Short Equity ETF $FTLS

Mutual Advisors LLC acquired a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 34,600 shares of the company’s stock, valued at approximately $2,412,000. Mutual Advisors LLC owned 0.12% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in shares of First Trust Long/Short Equity ETF by 32.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after buying an additional 1,803 shares during the period. Jones Financial Companies Lllp grew its position in First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 468 shares during the period. Focus Partners Wealth grew its holdings in shares of First Trust Long/Short Equity ETF by 6.6% during the 1st quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock worth $1,468,000 after purchasing an additional 1,414 shares during the period. Farther Finance Advisors LLC increased its position in First Trust Long/Short Equity ETF by 456.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock worth $31,000 after purchasing an additional 383 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in First Trust Long/Short Equity ETF by 9.6% in the second quarter. Janney Montgomery Scott LLC now owns 76,501 shares of the company’s stock valued at $5,071,000 after buying an additional 6,691 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.5%

NYSEARCA:FTLS opened at $72.11 on Tuesday. The firm’s fifty day simple moving average is $71.30 and its 200 day simple moving average is $69.70. First Trust Long/Short Equity ETF has a twelve month low of $58.90 and a twelve month high of $72.39. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48.

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.