International Assets Investment Management LLC Acquires Shares of 189,554 First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

International Assets Investment Management LLC acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 189,554 shares of the company’s stock, valued at approximately $10,664,000. International Assets Investment Management LLC owned about 1.41% of First Trust Long/Short Equity ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TAP Consulting LLC lifted its holdings in First Trust Long/Short Equity ETF by 0.8% during the 3rd quarter. TAP Consulting LLC now owns 30,344 shares of the company’s stock valued at $1,613,000 after purchasing an additional 249 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 0.4% during the 3rd quarter. Sowell Financial Services LLC now owns 62,419 shares of the company’s stock worth $3,318,000 after buying an additional 269 shares during the period. Mariner LLC grew its stake in First Trust Long/Short Equity ETF by 3.6% in the 3rd quarter. Mariner LLC now owns 13,119 shares of the company’s stock valued at $697,000 after buying an additional 451 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in First Trust Long/Short Equity ETF by 3.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,885 shares of the company’s stock valued at $1,269,000 after acquiring an additional 711 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its position in First Trust Long/Short Equity ETF by 7.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 11,115 shares of the company’s stock worth $625,000 after acquiring an additional 770 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.7 %

Shares of NYSEARCA:FTLS opened at $60.13 on Monday. First Trust Long/Short Equity ETF has a 12-month low of $50.79 and a 12-month high of $61.85. The stock has a market cap of $1.12 billion, a PE ratio of 18.96 and a beta of 0.59. The business has a 50 day moving average of $60.61 and a 200-day moving average of $57.90.

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.