LPL Financial LLC Boosts Stock Position in First Trust Long/Short Equity ETF $FTLS

LPL Financial LLC lifted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,397,528 shares of the company’s stock after purchasing an additional 149,648 shares during the quarter. LPL Financial LLC owned 7.82% of First Trust Long/Short Equity ETF worth $170,200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTLS. NewEdge Advisors LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 32.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock worth $470,000 after purchasing an additional 1,803 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 468 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of First Trust Long/Short Equity ETF by 6.6% in the 1st quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock worth $1,468,000 after purchasing an additional 1,414 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 57.7% in the 2nd quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock worth $3,666,000 after purchasing an additional 20,225 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in shares of First Trust Long/Short Equity ETF in the 2nd quarter worth about $344,000.

First Trust Long/Short Equity ETF Trading Down 0.6%

FTLS opened at $72.98 on Thursday. The stock has a 50-day moving average price of $73.21 and a 200-day moving average price of $71.77. First Trust Long/Short Equity ETF has a 12-month low of $64.63 and a 12-month high of $75.06. The stock has a market capitalization of $2.26 billion, a P/E ratio of 21.59 and a beta of 0.50.

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.