First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $68.00 and last traded at $67.98, with a volume of 25193 shares. The stock had previously closed at $67.61.
First Trust Long/Short Equity ETF Stock Up 0.5 %
The company has a 50 day moving average price of $66.42 and a 200-day moving average price of $64.36. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.
Institutional Investors Weigh In On First Trust Long/Short Equity ETF
Several institutional investors and hedge funds have recently made changes to their positions in FTLS. Kingswood Wealth Advisors LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 13.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 46,548 shares of the company’s stock valued at $3,063,000 after buying an additional 5,648 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 16.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 93,753 shares of the company’s stock worth $6,170,000 after purchasing an additional 13,239 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 4.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after buying an additional 422 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 11.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 14,407 shares of the company’s stock worth $948,000 after buying an additional 1,513 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of First Trust Long/Short Equity ETF by 85.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 88,371 shares of the company’s stock valued at $5,816,000 after acquiring an additional 40,782 shares during the last quarter.
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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