Live Oak Investment Partners Raises Holdings in First Trust Long/Short Equity ETF $FTLS

Live Oak Investment Partners raised its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,169 shares of the company’s stock after purchasing an additional 9,549 shares during the period. First Trust Long/Short Equity ETF accounts for about 3.0% of Live Oak Investment Partners’ portfolio, making the stock its 7th biggest position. Live Oak Investment Partners’ holdings in First Trust Long/Short Equity ETF were worth $5,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in First Trust Long/Short Equity ETF during the 3rd quarter valued at $25,000. Creekmur Asset Management LLC bought a new position in First Trust Long/Short Equity ETF during the second quarter valued at $27,000. Jones Financial Companies Lllp increased its position in First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 468 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of First Trust Long/Short Equity ETF by 456.0% in the second quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after acquiring an additional 383 shares during the period. Finally, Salem Investment Counselors Inc. bought a new stake in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth about $79,000.

First Trust Long/Short Equity ETF Trading Up 0.3%

FTLS stock opened at $71.39 on Tuesday. The stock has a market cap of $2.18 billion, a PE ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $72.20. The company has a 50-day moving average price of $71.15 and a 200 day moving average price of $69.31.

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.