Baird Financial Group Inc. Has $2.87 Million Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Baird Financial Group Inc. cut its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,606 shares of the company’s stock after selling 808 shares during the quarter. Baird Financial Group Inc.’s holdings in First Trust Long/Short Equity ETF were worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FTLS. Ameriprise Financial Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,662,691 shares of the company’s stock worth $109,430,000 after acquiring an additional 473,092 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Trust Long/Short Equity ETF by 81.2% in the fourth quarter. JPMorgan Chase & Co. now owns 768,382 shares of the company’s stock worth $50,567,000 after acquiring an additional 344,423 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth $16,769,000. LPL Financial LLC increased its stake in shares of First Trust Long/Short Equity ETF by 11.4% in the fourth quarter. LPL Financial LLC now owns 1,907,555 shares of the company’s stock worth $125,536,000 after acquiring an additional 194,659 shares during the last quarter. Finally, Ethos Financial Group LLC increased its stake in shares of First Trust Long/Short Equity ETF by 4,297.8% in the fourth quarter. Ethos Financial Group LLC now owns 156,299 shares of the company’s stock worth $10,286,000 after acquiring an additional 152,745 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.4%

NYSEARCA FTLS opened at $63.75 on Monday. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $69.94. The company has a market capitalization of $1.93 billion, a PE ratio of 25.00 and a beta of 0.50. The firm’s fifty day simple moving average is $63.26 and its 200-day simple moving average is $65.32.

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.