Harbour Investments Inc. Buys 21,697 Shares of First Trust Long/Short Equity ETF $FTLS

Harbour Investments Inc. increased its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 28.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,714 shares of the company’s stock after acquiring an additional 21,697 shares during the quarter. Harbour Investments Inc. owned about 0.33% of First Trust Long/Short Equity ETF worth $6,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in First Trust Long/Short Equity ETF by 456.0% during the second quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after purchasing an additional 383 shares during the last quarter. National Bank of Canada FI lifted its position in First Trust Long/Short Equity ETF by 100.8% during the first quarter. National Bank of Canada FI now owns 1,305 shares of the company’s stock valued at $83,000 after purchasing an additional 655 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in First Trust Long/Short Equity ETF by 77.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 55,658 shares of the company’s stock valued at $3,567,000 after purchasing an additional 24,290 shares during the last quarter. Twelve Points Wealth Management LLC lifted its position in First Trust Long/Short Equity ETF by 6.5% during the second quarter. Twelve Points Wealth Management LLC now owns 11,988 shares of the company’s stock valued at $795,000 after purchasing an additional 736 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its position in First Trust Long/Short Equity ETF by 2.3% during the second quarter. Cyndeo Wealth Partners LLC now owns 12,964 shares of the company’s stock valued at $859,000 after purchasing an additional 296 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.1%

FTLS stock opened at $68.96 on Wednesday. First Trust Long/Short Equity ETF has a 52 week low of $58.90 and a 52 week high of $70.49. The company has a fifty day simple moving average of $68.44 and a two-hundred day simple moving average of $66.01. The firm has a market capitalization of $1.98 billion, a P/E ratio of 21.59 and a beta of 0.51.

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.