First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Hits New 52-Week High at $51.81

First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Rating) shares hit a new 52-week high on Friday . The stock traded as high as $51.81 and last traded at $51.80, with a volume of 22764 shares. The stock had previously closed at $51.50.

First Trust Long/Short Equity ETF Stock Performance

The firm’s 50 day moving average is $50.83 and its two-hundred day moving average is $50.10. The stock has a market capitalization of $634.19 million, a PE ratio of 17.39 and a beta of 0.51.

Institutional Investors Weigh In On First Trust Long/Short Equity ETF

Large investors have recently modified their holdings of the company. AE Wealth Management LLC increased its position in shares of First Trust Long/Short Equity ETF by 202.4% in the 4th quarter. AE Wealth Management LLC now owns 87,995 shares of the company’s stock valued at $4,300,000 after purchasing an additional 58,900 shares during the last quarter. OLD National Bancorp IN increased its position in shares of First Trust Long/Short Equity ETF by 8.3% in the 3rd quarter. OLD National Bancorp IN now owns 42,145 shares of the company’s stock valued at $1,974,000 after purchasing an additional 3,236 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 5.6% in the 4th quarter. Stratos Wealth Advisors LLC now owns 36,176 shares of the company’s stock valued at $1,768,000 after buying an additional 1,916 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 143.6% in the 4th quarter. Belpointe Asset Management LLC now owns 12,621 shares of the company’s stock valued at $617,000 after buying an additional 7,439 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in shares of First Trust Long/Short Equity ETF by 77.9% in the 4th quarter. Prospera Financial Services Inc now owns 12,663 shares of the company’s stock valued at $619,000 after buying an additional 5,545 shares in the last quarter.

First Trust Long/Short Equity ETF Company Profile

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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.