Darwin Wealth Management LLC reduced its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 49.2% during the 1st quarter, HoldingsChannel reports. The fund owned 18,276 shares of the company’s stock after selling 17,724 shares during the quarter. Darwin Wealth Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,286,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley increased its stake in First Trust Long/Short Equity ETF by 1.5% in the 4th quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock valued at $372,876,000 after buying an additional 78,397 shares during the last quarter. Royal Bank of Canada raised its holdings in First Trust Long/Short Equity ETF by 3.2% during the fourth quarter. Royal Bank of Canada now owns 2,549,077 shares of the company’s stock worth $180,959,000 after acquiring an additional 78,470 shares in the last quarter. Ameriprise Financial Inc. boosted its position in First Trust Long/Short Equity ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after purchasing an additional 231,155 shares during the last quarter. LPL Financial LLC grew its stake in First Trust Long/Short Equity ETF by 6.7% in the fourth quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock valued at $170,200,000 after purchasing an additional 149,648 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after purchasing an additional 209,579 shares during the last quarter.
First Trust Long/Short Equity ETF Price Performance
Shares of FTLS stock opened at $74.71 on Friday. First Trust Long/Short Equity ETF has a one year low of $65.56 and a one year high of $75.11. The stock has a market cap of $2.45 billion, a P/E ratio of 21.59 and a beta of 0.50. The company has a fifty day moving average price of $74.16 and a two-hundred day moving average price of $72.24.
About First Trust Long/Short Equity ETF
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.
Featured Articles
- Five stocks we like better than First Trust Long/Short Equity ETF
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
- MarketBeat Week in Review – 07/06 – 07/10
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
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).
Receive News & Ratings for First Trust Long/Short Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Long/Short Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
