SpiderRock Advisors LLC Makes New $391,000 Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

SpiderRock Advisors LLC bought a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 1st quarter, HoldingsChannel.com reports. The fund bought 6,445 shares of the company’s stock, valued at approximately $391,000.

Other large investors also recently made changes to their positions in the company. TAP Consulting LLC boosted its stake in First Trust Long/Short Equity ETF by 0.6% during the 4th quarter. TAP Consulting LLC now owns 30,530 shares of the company’s stock valued at $1,718,000 after purchasing an additional 186 shares during the period. Bridgeworth LLC boosted its stake in First Trust Long/Short Equity ETF by 2.7% during the 4th quarter. Bridgeworth LLC now owns 9,331 shares of the company’s stock valued at $525,000 after purchasing an additional 243 shares during the period. National Bank of Canada FI boosted its stake in First Trust Long/Short Equity ETF by 127.7% during the 4th quarter. National Bank of Canada FI now owns 535 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Western Wealth Management LLC boosted its stake in First Trust Long/Short Equity ETF by 8.2% during the 4th quarter. Western Wealth Management LLC now owns 4,116 shares of the company’s stock valued at $232,000 after purchasing an additional 312 shares during the period. Finally, Mariner LLC boosted its stake in First Trust Long/Short Equity ETF by 3.6% during the 3rd quarter. Mariner LLC now owns 13,119 shares of the company’s stock valued at $697,000 after purchasing an additional 451 shares during the period.

First Trust Long/Short Equity ETF Trading Down 0.2 %

NYSEARCA:FTLS traded down $0.15 during mid-day trading on Friday, hitting $63.00. 59,303 shares of the company’s stock traded hands, compared to its average volume of 131,164. The firm has a 50 day moving average of $61.58 and a two-hundred day moving average of $60.06. First Trust Long/Short Equity ETF has a 12 month low of $52.01 and a 12 month high of $63.31. The firm has a market capitalization of $1.25 billion, a price-to-earnings 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.