Raymond James Financial Inc. Acquires New Shares in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Raymond James Financial Inc. acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 254,805 shares of the company’s stock, valued at approximately $16,769,000.

Several other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $34,000. Comprehensive Financial Planning Inc. PA purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $36,000. Blue Trust Inc. purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $52,000. US Bancorp DE purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $62,000. Finally, Principal Securities Inc. increased its position in First Trust Long/Short Equity ETF by 31.9% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after buying an additional 231 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $64.41 on Tuesday. First Trust Long/Short Equity ETF has a fifty-two week low of $58.92 and a fifty-two week high of $69.94. The stock has a fifty day moving average of $66.59 and a two-hundred day moving average of $65.43. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 24.12 and a beta of 0.50.

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.