Dynamic Advisor Solutions LLC Boosts Holdings in First Trust Long/Short Equity ETF $FTLS

Dynamic Advisor Solutions LLC raised its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 17.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,758 shares of the company’s stock after purchasing an additional 6,720 shares during the period. Dynamic Advisor Solutions LLC’s holdings in First Trust Long/Short Equity ETF were worth $3,377,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FTLS. FOCUS Wealth Advisors LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 2.7% in the second quarter. FOCUS Wealth Advisors LLC now owns 91,195 shares of the company’s stock worth $6,730,000 after purchasing an additional 2,385 shares during the period. CoreCap Advisors LLC raised its position in shares of First Trust Long/Short Equity ETF by 14.5% in the second quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after buying an additional 185 shares in the last quarter. Hobart Private Capital LLC boosted its stake in First Trust Long/Short Equity ETF by 6.9% during the second quarter. Hobart Private Capital LLC now owns 217,929 shares of the company’s stock valued at $16,083,000 after buying an additional 14,097 shares during the period. Global Wealth Strategies & Associates boosted its stake in First Trust Long/Short Equity ETF by 8.5% during the second quarter. Global Wealth Strategies & Associates now owns 13,876 shares of the company’s stock valued at $1,024,000 after buying an additional 1,085 shares during the period. Finally, Stillwater Private Wealth LLC purchased a new position in First Trust Long/Short Equity ETF during the first quarter worth about $1,836,000.

First Trust Long/Short Equity ETF Stock Down 0.1%

NYSEARCA:FTLS opened at $75.61 on Friday. The stock has a market cap of $2.49 billion, a P/E ratio of 21.59 and a beta of 0.50. The business’s 50-day moving average price is $74.45 and its two-hundred day moving average price is $72.73. First Trust Long/Short Equity ETF has a twelve month low of $66.11 and a twelve month high of $77.52.

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.