Moloney Securities Asset Management LLC Grows Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Moloney Securities Asset Management LLC lifted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,378 shares of the company’s stock after acquiring an additional 1,994 shares during the period. Moloney Securities Asset Management LLC owned approximately 0.05% of First Trust Long/Short Equity ETF worth $683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. purchased a new stake in shares of First Trust Long/Short Equity ETF in the 3rd quarter valued at $35,000. NBC Securities Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 184.2% in the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after acquiring an additional 523 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust Long/Short Equity ETF during the third quarter valued at approximately $75,000. GAMMA Investing LLC raised 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 buying an additional 353 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 4.2% during the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock valued at $314,000 after acquiring an additional 191 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock opened at $67.51 on Monday. First Trust Long/Short Equity ETF has a 52-week low of $58.35 and a 52-week high of $69.94. The stock has a market capitalization of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62. The company has a 50-day simple moving average of $66.93 and a two-hundred day simple moving average of $64.79.

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.