RFG Advisory LLC Increases Position in First Trust Long/Short Equity ETF $FTLS

RFG Advisory LLC lifted its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 32.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,273 shares of the company’s stock after purchasing an additional 24,861 shares during the period. RFG Advisory LLC’s holdings in First Trust Long/Short Equity ETF were worth $7,474,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in First Trust Long/Short Equity ETF by 1.5% during the fourth quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock worth $372,876,000 after buying an additional 78,397 shares during the period. Royal Bank of Canada increased its holdings in First Trust Long/Short Equity ETF by 2.2% in the first quarter. Royal Bank of Canada now owns 2,606,322 shares of the company’s stock valued at $183,381,000 after buying an additional 57,245 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 10.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after acquiring an additional 231,155 shares during the period. LPL Financial LLC lifted its position in shares of First Trust Long/Short Equity ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock valued at $170,200,000 after acquiring an additional 149,648 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after acquiring an additional 209,579 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

FTLS opened at $76.42 on Wednesday. The stock has a market cap of $2.51 billion, a P/E ratio of 21.59 and a beta of 0.50. The stock’s 50 day simple moving average is $75.46 and its 200 day simple moving average is $73.54. First Trust Long/Short Equity ETF has a 1-year low of $67.84 and a 1-year high of $77.52.

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.