Vise Technologies Inc. Takes $446,000 Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Vise Technologies Inc. purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,782 shares of the company’s stock, valued at approximately $446,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in shares of First Trust Long/Short Equity ETF by 85.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 88,371 shares of the company’s stock valued at $5,816,000 after purchasing an additional 40,782 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of First Trust Long/Short Equity ETF by 11.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 14,407 shares of the company’s stock valued at $948,000 after purchasing an additional 1,513 shares during the period. Geneos Wealth Management Inc. grew its position in shares of First Trust Long/Short Equity ETF by 4.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock valued at $597,000 after purchasing an additional 422 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of First Trust Long/Short Equity ETF by 13.8% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 46,548 shares of the company’s stock valued at $3,063,000 after purchasing an additional 5,648 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $388,000.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $64.97 on Tuesday. The stock has a 50 day simple moving average of $63.44 and a 200 day simple moving average of $65.37. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $69.94. The firm has a market capitalization of $1.98 billion, a PE ratio of 24.23 and a beta of 0.50.

About First Trust Long/Short Equity ETF

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.