US Bancorp DE Purchases New Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

US Bancorp DE acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 946 shares of the company’s stock, valued at approximately $62,000.

A number of other institutional investors also recently added to or reduced their stakes in FTLS. JPMorgan Chase & Co. boosted its holdings in First Trust Long/Short Equity ETF by 4,148.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after purchasing an additional 413,979 shares in the last quarter. World Investment Advisors LLC purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter valued at approximately $21,644,000. LPL Financial LLC boosted its holdings in First Trust Long/Short Equity ETF by 9.7% in the 3rd quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after purchasing an additional 150,887 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $6,433,000. Finally, World Equity Group Inc. boosted its holdings in First Trust Long/Short Equity ETF by 51.3% in the 4th quarter. World Equity Group Inc. now owns 216,628 shares of the company’s stock valued at $14,256,000 after purchasing an additional 73,426 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.4 %

Shares of FTLS opened at $64.41 on Tuesday. First Trust Long/Short Equity ETF has a twelve month low of $58.92 and a twelve month high of $69.94. The stock’s 50 day moving average is $66.59 and its two-hundred day moving average is $65.43. The firm has a market capitalization of $1.89 billion, a PE ratio of 24.12 and a beta of 0.50.

First Trust Long/Short Equity ETF Company 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.