Orion Portfolio Solutions LLC reduced its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 102,884 shares of the company’s stock after selling 4,928 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 0.52% of First Trust Long/Short Equity ETF worth $6,771,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of FTLS. Benjamin Edwards Inc. boosted its stake in First Trust Long/Short Equity ETF by 8,803.1% in the third quarter. Benjamin Edwards Inc. now owns 23,059 shares of the company’s stock valued at $1,463,000 after acquiring an additional 22,800 shares during the period. Hilltop Holdings Inc. acquired a new position in First Trust Long/Short Equity ETF during the 3rd quarter valued at approximately $484,000. HighTower Advisors LLC boosted its position in First Trust Long/Short Equity ETF by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 202,446 shares of the company’s stock valued at $12,862,000 after purchasing an additional 5,694 shares during the period. Jane Street Group LLC bought a new position in First Trust Long/Short Equity ETF during the 3rd quarter worth $2,329,000. Finally, World Investment Advisors LLC acquired a new stake in First Trust Long/Short Equity ETF in the third quarter worth $21,644,000.
First Trust Long/Short Equity ETF Stock Performance
FTLS stock opened at $63.47 on Friday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 24.26 and a beta of 0.50. The stock’s fifty day moving average is $66.15 and its two-hundred day moving average is $65.51. First Trust Long/Short Equity ETF has a 1 year low of $58.92 and a 1 year high of $69.94.
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.
Further Reading
- Five stocks we like better than First Trust Long/Short Equity ETF
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- MarketBeat Week in Review – 03/24 – 03/28
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low
- What is a Low P/E Ratio and What Does it Tell Investors?
- 4 Healthcare Stocks With Massive Gains—and More to Come
Receive News & Ratings for First Trust Long/Short Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Long/Short Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
