Janney Montgomery Scott LLC grew its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 85.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,371 shares of the company’s stock after acquiring an additional 40,782 shares during the period. Janney Montgomery Scott LLC owned 0.45% of First Trust Long/Short Equity ETF worth $5,816,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of FTLS. Meadow Creek Wealth Advisors LLC raised its position in shares of First Trust Long/Short Equity ETF by 1.7% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 9,699 shares of the company’s stock valued at $616,000 after buying an additional 165 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of First Trust Long/Short Equity ETF by 4.6% in the third quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock valued at $331,000 after buying an additional 228 shares in the last quarter. GAMMA Investing LLC raised its position in shares of First Trust Long/Short Equity ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after buying an additional 353 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of First Trust Long/Short Equity ETF by 4.2% in the third quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock valued at $741,000 after buying an additional 474 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of First Trust Long/Short Equity ETF by 2.4% in the third quarter. Raymond James Trust N.A. now owns 20,465 shares of the company’s stock valued at $1,299,000 after buying an additional 477 shares in the last quarter.
First Trust Long/Short Equity ETF Price Performance
Shares of NYSEARCA:FTLS opened at $67.30 on Thursday. The company’s 50 day simple moving average is $66.69 and its 200 day simple moving average is $64.54. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 1 year low of $57.78 and a 1 year high of $68.64.
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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