Cetera Investment Advisers grew its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 5.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 583,922 shares of the company’s stock after acquiring an additional 31,515 shares during the period. Cetera Investment Advisers’ holdings in First Trust Long/Short Equity ETF were worth $41,085,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in FTLS. Assetmark Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 728.0% during the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after purchasing an additional 446,569 shares during the last quarter. Center For Asset Management LLC bought a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at $2,965,000. Seeds Investor LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at $3,283,000. Triad Wealth Partners LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at $527,000. Finally, Merit Financial Group LLC boosted its holdings in First Trust Long/Short Equity ETF by 159.4% in the fourth quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock worth $17,396,000 after purchasing an additional 150,598 shares in the last quarter.
First Trust Long/Short Equity ETF Trading Up 0.4%
Shares of NYSEARCA:FTLS opened at $75.04 on Friday. First Trust Long/Short Equity ETF has a 1 year low of $65.84 and a 1 year high of $75.58. The firm has a fifty day moving average price of $74.31 and a 200 day moving average price of $72.48. The stock has a market capitalization of $2.46 billion, a PE ratio of 21.59 and a beta of 0.50.
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.
Featured Articles
- Five stocks we like better than First Trust Long/Short Equity ETF
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
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.
