First Trust Advisors LP Increases Stock Position in First Trust Long/Short Equity ETF $FTLS

First Trust Advisors LP increased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 71.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 223,206 shares of the company’s stock after purchasing an additional 93,210 shares during the period. First Trust Advisors LP’s holdings in First Trust Long/Short Equity ETF were worth $15,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Morgan Stanley raised its stake in shares of First Trust Long/Short Equity ETF by 1.5% during the 4th quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock valued at $372,876,000 after purchasing an additional 78,397 shares during the period. Royal Bank of Canada grew its position in First Trust Long/Short Equity ETF by 3.2% during the fourth quarter. Royal Bank of Canada now owns 2,549,077 shares of the company’s stock worth $180,959,000 after buying an additional 78,470 shares in the last quarter. Ameriprise Financial Inc. grew its position in First Trust Long/Short Equity ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after buying an additional 231,155 shares in the last quarter. LPL Financial LLC increased its stake in First Trust Long/Short Equity ETF by 6.7% in the 4th quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock worth $170,200,000 after acquiring an additional 149,648 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of First Trust Long/Short Equity ETF by 45.2% in the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock valued at $44,633,000 after acquiring an additional 209,579 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 1.0%

Shares of NYSEARCA FTLS opened at $74.34 on Thursday. First Trust Long/Short Equity ETF has a 12 month low of $65.84 and a 12 month high of $77.52. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. The business has a 50-day moving average of $74.35 and a 200-day moving average of $72.56.

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.