Entelevest LLC purchased a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,528 shares of the company’s stock, valued at approximately $889,000.
Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in First Trust Long/Short Equity ETF by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock worth $41,150,000 after buying an additional 8,523 shares during the last quarter. Assetmark Inc. raised its position in First Trust Long/Short Equity ETF by 728.0% in the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after buying an additional 446,569 shares during the last quarter. Center For Asset Management LLC purchased a new position in First Trust Long/Short Equity ETF in the 4th quarter worth about $2,965,000. Seeds Investor LLC purchased a new position in First Trust Long/Short Equity ETF in the 4th quarter worth about $3,283,000. Finally, Triad Wealth Partners LLC purchased a new position in First Trust Long/Short Equity ETF in the 4th quarter worth about $527,000.
First Trust Long/Short Equity ETF Stock Performance
Shares of NYSEARCA:FTLS opened at $72.98 on Thursday. First Trust Long/Short Equity ETF has a fifty-two week low of $64.63 and a fifty-two week high of $75.06. The business has a 50-day simple moving average of $73.21 and a two-hundred day simple moving average of $71.77. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50.
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.
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