First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Stake Increased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 557.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 283,043 shares of the company’s stock after buying an additional 239,972 shares during the period. Cetera Investment Advisers owned about 1.43% of First Trust Long/Short Equity ETF worth $17,452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Silver Oak Securities Incorporated boosted its holdings in First Trust Long/Short Equity ETF by 30.1% in the fourth quarter. Silver Oak Securities Incorporated now owns 23,887 shares of the company’s stock worth $1,344,000 after purchasing an additional 5,533 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Long/Short Equity ETF by 155.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,733 shares of the company’s stock worth $941,000 after purchasing an additional 10,174 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in First Trust Long/Short Equity ETF by 36.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 25,063 shares of the company’s stock worth $1,410,000 after purchasing an additional 6,684 shares during the period. Traction Financial Partners LLC acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter worth $213,000. Finally, Larson Financial Group LLC acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter worth $100,000.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS traded down $1.04 during midday trading on Friday, hitting $61.55. 687,068 shares of the stock traded hands, compared to its average volume of 139,752. First Trust Long/Short Equity ETF has a 1-year low of $52.15 and a 1-year high of $63.55. The firm has a market capitalization of $1.22 billion, a PE ratio of 19.46 and a beta of 0.62. The business’s 50 day moving average price is $62.44 and its two-hundred day moving average price is $60.91.

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.