Balboa Wealth Partners boosted its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 189.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,938 shares of the company’s stock after buying an additional 6,500 shares during the period. Balboa Wealth Partners’ holdings in First Trust Long/Short Equity ETF were worth $659,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in FTLS. Wealth Enhancement Advisory Services LLC raised its holdings in First Trust Long/Short Equity ETF by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 67,930 shares of the company’s stock valued at $4,353,000 after acquiring an additional 6,155 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in First Trust Long/Short Equity ETF by 77.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,658 shares of the company’s stock valued at $3,567,000 after acquiring an additional 24,290 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Long/Short Equity ETF by 15.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 218,757 shares of the company’s stock valued at $14,018,000 after acquiring an additional 29,778 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in First Trust Long/Short Equity ETF by 14.3% in the first quarter. Flagship Harbor Advisors LLC now owns 107,150 shares of the company’s stock valued at $6,866,000 after acquiring an additional 13,397 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in First Trust Long/Short Equity ETF by 50.9% in the first quarter. Oppenheimer & Co. Inc. now owns 46,913 shares of the company’s stock valued at $3,006,000 after acquiring an additional 15,814 shares in the last quarter.
First Trust Long/Short Equity ETF Price Performance
FTLS opened at $69.31 on Monday. The stock has a market capitalization of $2.00 billion, a PE ratio of 21.59 and a beta of 0.51. The firm’s fifty day moving average price is $68.58 and its 200 day moving average price is $66.13. First Trust Long/Short Equity ETF has a 12-month low of $58.90 and a 12-month high of $70.49.
First Trust Long/Short Equity ETF Company 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.
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