First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Stake Boosted by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC increased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,407 shares of the company’s stock after purchasing an additional 1,513 shares during the period. Dynamic Advisor Solutions LLC owned 0.07% of First Trust Long/Short Equity ETF worth $948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTLS. Jane Street Group LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the third quarter valued at approximately $2,329,000. JPMorgan Chase & Co. increased its position 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 acquiring an additional 413,979 shares during the period. GAMMA Investing LLC raised its stake in First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after acquiring an additional 353 shares in the last quarter. SMART Wealth LLC boosted its position in First Trust Long/Short Equity ETF by 10.0% during the 3rd quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock worth $1,235,000 after acquiring an additional 1,775 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Long/Short Equity ETF by 11.8% in the second quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock worth $19,798,000 after purchasing an additional 33,263 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.1 %

Shares of NYSEARCA FTLS opened at $68.07 on Monday. The stock has a market cap of $1.35 billion, a P/E ratio of 19.46 and a beta of 0.62. The firm’s 50-day simple moving average is $66.58 and its 200 day simple moving average is $64.46. First Trust Long/Short Equity ETF has a fifty-two week low of $57.78 and a fifty-two week high of $68.64.

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.