Larson Financial Group LLC Makes New $100,000 Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Larson Financial Group LLC bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,775 shares of the company’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $10,664,000. WealthPlan Investment Management LLC grew its position in shares of First Trust Long/Short Equity ETF by 1,064.1% in the third quarter. WealthPlan Investment Management LLC now owns 192,751 shares of the company’s stock valued at $10,245,000 after purchasing an additional 176,193 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of First Trust Long/Short Equity ETF by 49.1% in the fourth quarter. CENTRAL TRUST Co now owns 366,284 shares of the company’s stock valued at $20,607,000 after purchasing an additional 120,693 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 137.5% during the third quarter. Private Advisor Group LLC now owns 205,288 shares of the company’s stock valued at $10,911,000 after buying an additional 118,858 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of First Trust Long/Short Equity ETF by 22.3% during the third quarter. Truist Financial Corp now owns 481,772 shares of the company’s stock valued at $25,606,000 after buying an additional 87,779 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $59.72 on Friday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.96 and a beta of 0.59. The company’s 50 day simple moving average is $60.57 and its 200 day simple moving average is $57.56. First Trust Long/Short Equity ETF has a 1 year low of $50.74 and a 1 year high of $61.85.

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.