Entelevest LLC purchased a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 12,528 shares of the company’s stock, valued at approximately $889,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Burkett Financial Services LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth $28,000. Tidemark LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter worth $29,000. Jones Financial Companies Lllp boosted its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after buying an additional 468 shares during the last quarter. Rossby Financial LCC boosted its stake in shares of First Trust Long/Short Equity ETF by 48.1% in the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock worth $49,000 after buying an additional 225 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 801.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after buying an additional 1,307 shares during the last quarter.
First Trust Long/Short Equity ETF Price Performance
FTLS stock opened at $72.98 on Thursday. The company has a market cap of $2.26 billion, a P/E ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1 year low of $64.63 and a 1 year high of $75.06. The stock’s fifty day moving average price is $73.21 and its 200-day moving average price is $71.77.
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.
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