Graney & King LLC Purchases Shares of 2,953 First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Graney & King LLC acquired a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,953 shares of the company’s stock, valued at approximately $194,000.

Several other hedge funds also recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth $2,329,000. HighTower Advisors LLC lifted its stake in First Trust Long/Short Equity ETF by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 204,004 shares of the company’s stock valued at $13,425,000 after acquiring an additional 1,558 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in First Trust Long/Short Equity ETF by 4,148.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after acquiring an additional 413,979 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 353 shares in the last quarter. Finally, SMART Wealth LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 10.0% in the third quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock valued at $1,235,000 after purchasing an additional 1,775 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $64.60 on Wednesday. First Trust Long/Short Equity ETF has a fifty-two week low of $58.92 and a fifty-two week high of $69.94. The firm’s 50-day simple moving average is $66.34 and its 200 day simple moving average is $65.49. The stock has a market cap of $1.92 billion, a PE ratio of 24.26 and a beta of 0.50.

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.