Commonwealth Equity Services LLC Increases Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Commonwealth Equity Services LLC lifted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 18.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,448 shares of the company’s stock after buying an additional 11,619 shares during the quarter. Commonwealth Equity Services LLC owned about 0.38% of First Trust Long/Short Equity ETF worth $4,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Balboa Wealth Partners purchased a new position in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at about $501,000. Wintrust Investments LLC grew its holdings in First Trust Long/Short Equity ETF by 35.6% in the fourth quarter. Wintrust Investments LLC now owns 1,725 shares of the company’s stock worth $113,000 after purchasing an additional 453 shares during the period. Avantax Advisory Services Inc. grew its holdings in First Trust Long/Short Equity ETF by 3.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 62,097 shares of the company’s stock worth $4,087,000 after purchasing an additional 2,189 shares during the period. PFG Advisors grew its holdings in First Trust Long/Short Equity ETF by 135.0% in the fourth quarter. PFG Advisors now owns 15,412 shares of the company’s stock worth $1,014,000 after purchasing an additional 8,854 shares during the period. Finally, HighTower Advisors LLC grew its holdings in First Trust Long/Short Equity ETF by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 204,004 shares of the company’s stock worth $13,425,000 after purchasing an additional 1,558 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $64.19 on Friday. The stock has a market cap of $1.91 billion, a PE ratio of 24.26 and a beta of 0.50. 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 firm’s 50-day simple moving average is $66.40 and its two-hundred day simple moving average is $65.44.

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.