Mount Yale Investment Advisors LLC Purchases Shares of 5,892 First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Mount Yale Investment Advisors LLC purchased a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,892 shares of the company’s stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jane Street Group LLC bought a new position in First Trust Long/Short Equity ETF in the third quarter valued at $2,329,000. JPMorgan Chase & Co. lifted its stake in First Trust Long/Short Equity ETF by 4,148.1% in the third 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 during the last quarter. GAMMA Investing LLC grew its position in shares of First Trust Long/Short Equity ETF by 26.2% in the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after acquiring an additional 353 shares during the period. SMART Wealth LLC increased its stake in shares of First Trust Long/Short Equity ETF by 10.0% during the 3rd quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock worth $1,235,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in First Trust Long/Short Equity ETF by 11.8% in the 2nd quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock valued at $19,798,000 after purchasing an additional 33,263 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.9 %

Shares of NYSEARCA FTLS opened at $67.61 on Wednesday. The business’s 50 day moving average price is $66.65 and its two-hundred day moving average price is $64.52. The company has a market cap of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a twelve month low of $57.78 and a twelve month high of $68.64.

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.