HighTower Advisors LLC boosted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,004 shares of the company’s stock after acquiring an additional 1,558 shares during the quarter. HighTower Advisors LLC owned 1.03% of First Trust Long/Short Equity ETF worth $13,425,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in FTLS. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth $34,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth $36,000. Blue Trust Inc. bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth $52,000. US Bancorp DE bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth $62,000. Finally, Principal Securities Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 31.9% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after buying an additional 231 shares during the last quarter.
First Trust Long/Short Equity ETF Stock Performance
NYSEARCA FTLS opened at $64.14 on Monday. The firm’s fifty day moving average price is $66.64 and its two-hundred day moving average price is $65.42. The stock has a market cap of $1.89 billion, a PE ratio of 24.12 and a beta of 0.50. First Trust Long/Short Equity ETF has a fifty-two week low of $58.92 and a fifty-two week 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.
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