Private Advisor Group LLC Has $18.78 Million Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Private Advisor Group LLC reduced its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,332 shares of the company’s stock after selling 52,701 shares during the period. Private Advisor Group LLC owned about 1.44% of First Trust Long/Short Equity ETF worth $18,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTLS. Comprehensive Financial Planning Inc. PA acquired a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $36,000. Blue Trust Inc. bought a new position in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at $52,000. Principal Securities Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 31.9% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after acquiring an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in First Trust Long/Short Equity ETF during the 3rd quarter worth $75,000. Finally, GAMMA Investing LLC increased its holdings in First Trust Long/Short Equity ETF by 26.2% in the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after purchasing an additional 353 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.2 %

Shares of FTLS stock opened at $67.99 on Thursday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The business’s 50-day moving average price is $67.06 and its 200-day moving average price is $65.08. First Trust Long/Short Equity ETF has a 12 month low of $58.35 and a 12 month high of $69.94.

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.