Principal Securities Inc. Raises Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Principal Securities Inc. grew its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 955 shares of the company’s stock after purchasing an additional 231 shares during the quarter. Principal Securities Inc.’s holdings in First Trust Long/Short Equity ETF were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock worth $108,718,000 after buying an additional 150,887 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 worth $26,909,000 after buying an additional 413,979 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth $21,644,000. Financial Enhancement Group LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 15.4% during the third quarter. Financial Enhancement Group LLC now owns 311,985 shares of the company’s stock valued at $19,802,000 after buying an additional 41,617 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of First Trust Long/Short Equity ETF by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 202,446 shares of the company’s stock valued at $12,862,000 after acquiring an additional 5,694 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 1.3 %

Shares of First Trust Long/Short Equity ETF stock opened at $65.49 on Friday. The business’s fifty day moving average price is $67.03 and its 200 day moving average price is $65.27. First Trust Long/Short Equity ETF has a twelve month low of $58.92 and a twelve month high of $69.94. The stock has a market capitalization of $1.30 billion, a P/E ratio of 19.46 and a beta of 0.62.

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.