Maripau Wealth Management LLC bought a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,491 shares of the company’s stock, valued at approximately $296,000.
Several other large investors have also recently modified their holdings of FTLS. Comprehensive Financial Planning Inc. PA purchased a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $36,000. Blue Trust Inc. purchased a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $52,000. Principal Securities Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 31.9% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after purchasing an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth about $75,000. Finally, GAMMA Investing LLC grew its stake in First Trust Long/Short Equity ETF by 26.2% during the fourth 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.
First Trust Long/Short Equity ETF Trading Up 1.4 %
Shares of NYSEARCA:FTLS opened at $66.43 on Friday. The company has a 50 day moving average of $67.03 and a 200 day moving average of $65.27. The stock has a market cap of $1.32 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12 month low of $58.92 and a 12 month high of $69.94.
About First Trust Long/Short Equity ETF
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.
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