Parcion Private Wealth LLC Invests $357,000 in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Parcion Private Wealth LLC bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,624 shares of the company’s stock, valued at approximately $357,000.

A number of other institutional investors also recently modified their holdings of FTLS. LPL Financial LLC raised its position in First Trust Long/Short Equity ETF by 27.3% in the 2nd quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock valued at $97,766,000 after buying an additional 335,072 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of First Trust Long/Short Equity ETF by 4,639.2% during the 3rd quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock valued at $197,200,000 after purchasing an additional 304,146 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Long/Short Equity ETF by 557.2% during the 1st quarter. Cetera Investment Advisers now owns 283,043 shares of the company’s stock valued at $17,452,000 after purchasing an additional 239,972 shares during the last quarter. Private Advisor Group LLC increased its position in shares of First Trust Long/Short Equity ETF by 69.2% during the 1st quarter. Private Advisor Group LLC now owns 302,862 shares of the company’s stock valued at $18,675,000 after purchasing an additional 123,860 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 2nd quarter valued at $5,525,000.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $64.15 on Friday. First Trust Long/Short Equity ETF has a 1 year low of $52.15 and a 1 year high of $65.00. The firm has a market cap of $1.27 billion, a PE ratio of 19.46 and a beta of 0.62. The stock has a fifty day moving average price of $63.40 and a 200-day moving average price of $62.27.

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.