IFP Advisors Inc Acquires 3,210 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

IFP Advisors Inc raised its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 15.3% during the fourth quarter, HoldingsChannel reports. The fund owned 24,217 shares of the company’s stock after purchasing an additional 3,210 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Long/Short Equity ETF were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC boosted its position in shares of First Trust Long/Short Equity ETF by 9.7% in the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after acquiring an additional 150,887 shares during the period. JPMorgan Chase & Co. boosted its holdings in First Trust Long/Short Equity ETF by 4,148.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after purchasing an additional 413,979 shares during the period. World Investment Advisors LLC bought a new position in First Trust Long/Short Equity ETF in the 3rd quarter valued at $21,644,000. Financial Enhancement Group LLC grew its position in shares of First Trust Long/Short Equity ETF by 15.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 311,985 shares of the company’s stock valued at $19,802,000 after purchasing an additional 41,617 shares in the last quarter. Finally, World Equity Group Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 51.3% in the fourth quarter. World Equity Group Inc. now owns 216,628 shares of the company’s stock worth $14,256,000 after purchasing an additional 73,426 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $66.32 on Thursday. First Trust Long/Short Equity ETF has a 52-week low of $58.92 and a 52-week high of $69.94. The business’s fifty day moving average is $67.03 and its 200 day moving average is $65.27. The company has a market capitalization of $1.32 billion, a PE ratio of 19.46 and a beta of 0.62.

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.