TAP Consulting LLC Raises Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

TAP Consulting LLC lifted its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 5.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 35,389 shares of the company’s stock after purchasing an additional 1,762 shares during the quarter. TAP Consulting LLC’s holdings in First Trust Long/Short Equity ETF were worth $2,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter worth $34,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at about $36,000. Blue Trust Inc. purchased a new stake in First Trust Long/Short Equity ETF during the fourth quarter worth about $52,000. US Bancorp DE acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth about $62,000. Finally, Principal Securities Inc. grew its position in 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 buying an additional 231 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.1 %

FTLS stock opened at $64.15 on Thursday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 24.12 and a beta of 0.50. The firm has a 50 day moving average of $66.49 and a 200-day moving average of $65.42. First Trust Long/Short Equity ETF has a 12-month low of $58.92 and a 12-month high of $69.94.

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.