First Trust Long/Short Equity ETF $FTLS Stock Position Boosted by Hobart Private Capital LLC

Hobart Private Capital LLC raised its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,929 shares of the company’s stock after purchasing an additional 14,097 shares during the quarter. First Trust Long/Short Equity ETF comprises 2.8% of Hobart Private Capital LLC’s investment portfolio, making the stock its 5th biggest position. Hobart Private Capital LLC owned 0.67% of First Trust Long/Short Equity ETF worth $16,083,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in First Trust Long/Short Equity ETF by 32.6% in the first quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after acquiring an additional 1,803 shares during the last quarter. Jones Financial Companies Lllp increased its stake in First Trust Long/Short Equity ETF by 1,462.5% during 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 last quarter. Focus Partners Wealth increased its stake in First Trust Long/Short Equity ETF by 6.6% during the first quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock worth $1,468,000 after acquiring an additional 1,414 shares during the last quarter. Cerity Partners LLC raised its position in First Trust Long/Short Equity ETF by 57.7% in the second quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock valued at $3,666,000 after purchasing an additional 20,225 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in First Trust Long/Short Equity ETF in the second quarter valued at $344,000.

First Trust Long/Short Equity ETF Stock Up 0.1%

Shares of First Trust Long/Short Equity ETF stock opened at $75.07 on Tuesday. First Trust Long/Short Equity ETF has a 52 week low of $66.11 and a 52 week high of $77.52. The business’s fifty day simple moving average is $74.38 and its 200-day simple moving average is $72.64. The firm has a market cap of $2.47 billion, a PE 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.