Synergy Investment Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,463 shares of the company’s stock, valued at approximately $96,000.
Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $34,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $36,000. Blue Trust Inc. bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $52,000. US Bancorp DE bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $62,000. Finally, Principal Securities Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 31.9% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after acquiring an additional 231 shares during the period.
First Trust Long/Short Equity ETF Trading Down 0.6 %
NYSEARCA FTLS opened at $64.84 on Wednesday. First Trust Long/Short Equity ETF has a 1-year low of $58.92 and a 1-year high of $69.94. The company has a 50 day moving average of $67.01 and a 200-day moving average of $65.36. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 24.12 and a beta of 0.50.
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.
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