Fifth Third Bancorp Makes New Investment in First Trust Long/Short Equity ETF $FTLS

Fifth Third Bancorp bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 103,699 shares of the company’s stock, valued at approximately $7,296,000.

Several other large investors have also added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new stake in First Trust Long/Short Equity ETF during the third quarter valued at about $28,000. Tidemark LLC bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $29,000. Jones Financial Companies Lllp boosted its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after acquiring an additional 468 shares during the period. Rossby Financial LCC grew its position in shares of First Trust Long/Short Equity ETF by 25.4% during the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after purchasing an additional 176 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of First Trust Long/Short Equity ETF by 801.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after purchasing an additional 1,307 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $74.73 on Thursday. First Trust Long/Short Equity ETF has a 1 year low of $65.56 and a 1 year high of $75.14. The firm’s 50 day moving average price is $74.20 and its 200-day moving average price is $72.31. The stock has a market cap of $2.45 billion, a P/E ratio of 21.59 and a beta of 0.50.

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.