Parcion Private Wealth LLC Boosts Stock Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Parcion Private Wealth LLC increased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 127.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,791 shares of the company’s stock after buying an additional 7,167 shares during the period. Parcion Private Wealth LLC’s holdings in First Trust Long/Short Equity ETF were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC lifted its position in First Trust Long/Short Equity ETF by 9.7% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its position 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 acquiring an additional 413,979 shares in the last quarter. World Investment Advisors LLC bought a new position in First Trust Long/Short Equity ETF in the 3rd quarter valued at approximately $21,644,000. Private Advisor Group LLC lifted its position in First Trust Long/Short Equity ETF by 8.0% in the 3rd quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock valued at $21,455,000 after acquiring an additional 25,151 shares in the last quarter. Finally, Financial Enhancement Group LLC lifted its position in First Trust Long/Short Equity ETF by 15.4% in the 3rd quarter. Financial Enhancement Group LLC now owns 311,985 shares of the company’s stock valued at $19,802,000 after acquiring an additional 41,617 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.2 %

FTLS stock opened at $67.99 on Thursday. The stock has a market capitalization of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12-month low of $58.35 and a 12-month high of $69.94. The stock’s 50 day simple moving average is $67.06 and its 200 day simple moving average is $65.08.

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.