RFG Advisory LLC Has $5.38 Million Position in First Trust Long/Short Equity ETF $FTLS

RFG Advisory LLC increased its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 155.9% during the first quarter, Holdings Channel reports. The institutional investor owned 76,412 shares of the company’s stock after purchasing an additional 46,553 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Long/Short Equity ETF were worth $5,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in First Trust Long/Short Equity ETF by 728.0% in the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after acquiring an additional 446,569 shares in the last quarter. VestGen Advisors LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $20,855,000. Ameriprise Financial Inc. increased its position in shares of First Trust Long/Short Equity ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after purchasing an additional 231,155 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust Long/Short Equity ETF by 45.2% during the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock valued at $44,633,000 after purchasing an additional 209,579 shares during the period. Finally, Merit Financial Group LLC increased its position in shares of First Trust Long/Short Equity ETF by 159.4% during the fourth quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock valued at $17,396,000 after purchasing an additional 150,598 shares during the period.

First Trust Long/Short Equity ETF Trading Down 0.6%

Shares of NYSEARCA FTLS opened at $73.50 on Friday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a one year low of $65.17 and a one year high of $75.11. The business has a fifty day simple moving average of $73.86 and a 200 day simple moving average of $72.01.

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.