RFG Advisory LLC Purchases 46,553 Shares of First Trust Long/Short Equity ETF $FTLS

RFG Advisory LLC grew its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 155.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 76,412 shares of the company’s stock after purchasing an additional 46,553 shares during the quarter. RFG Advisory LLC owned about 0.25% of First Trust Long/Short Equity ETF worth $5,376,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in First Trust Long/Short Equity ETF by 32.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after purchasing an additional 1,803 shares during the period. Jones Financial Companies Lllp increased its position in 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 buying an additional 468 shares during the period. Focus Partners Wealth increased its position in 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 buying an additional 1,414 shares during the period. Cerity Partners LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 57.7% during the second quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock worth $3,666,000 after buying an additional 20,225 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of First Trust Long/Short Equity ETF during the second quarter worth approximately $344,000.

First Trust Long/Short Equity ETF Trading Down 0.6%

FTLS opened at $73.50 on Friday. The business has a 50 day moving average of $73.86 and a 200-day moving average of $72.01. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1-year low of $65.17 and a 1-year high of $75.11.

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.