First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Acquired by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,513 shares of the company’s stock after purchasing an additional 7,902 shares during the period. First Trust Long/Short Equity ETF makes up 2.0% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 11th biggest position. Beacon Harbor Wealth Advisors Inc.’s holdings in First Trust Long/Short Equity ETF were worth $8,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $34,000. UMB Bank n.a. bought a new stake in shares of First Trust Long/Short Equity ETF in the third quarter worth $35,000. Comprehensive Financial Planning Inc. PA acquired a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at $36,000. NBC Securities Inc. grew its holdings in First Trust Long/Short Equity ETF by 184.2% during the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after acquiring an additional 523 shares in the last quarter. Finally, Blue Trust Inc. bought a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter worth about $52,000.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA:FTLS opened at $67.53 on Tuesday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a one year low of $58.35 and a one year high of $69.94. The stock has a 50-day simple moving average of $66.95 and a 200 day simple moving average of $64.83.

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.