Commonwealth Equity Services LLC bought a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) during the third quarter, HoldingsChannel reports. The firm bought 180,554 shares of the company’s stock, valued at approximately $13,847,000.
A number of other institutional investors have also modified their holdings of FTLS. Cassaday & Co Wealth Management LLC bought a new position in shares of First Trust Long/Short Equity ETF during the first quarter worth about $75,000. Coppell Advisory Solutions LLC bought a new stake in First Trust Long/Short Equity ETF in the second quarter valued at about $107,000. CoreCap Advisors LLC increased its holdings in First Trust Long/Short Equity ETF by 14.5% in the second quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock valued at $108,000 after buying an additional 185 shares during the last quarter. Compass Financial Management LLC bought a new stake in First Trust Long/Short Equity ETF in the second quarter valued at about $112,000. Finally, Signature Equity Partners LLC bought a new stake in First Trust Long/Short Equity ETF in the third quarter valued at about $173,000.
First Trust Long/Short Equity ETF Stock Up 0.9%
Shares of NYSEARCA FTLS opened at $75.68 on Thursday. The stock’s 50 day moving average price is $76.72 and its two-hundred day moving average price is $74.08. First Trust Long/Short Equity ETF has a 52-week low of $69.21 and a 52-week high of $78.11. The stock has a market capitalization of $2.61 billion, a P/E ratio of 24.12 and a beta of 0.49.
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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