Patten Group Inc. Purchases 704 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Patten Group Inc. boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,854 shares of the company’s stock after purchasing an additional 704 shares during the period. Patten Group Inc. owned about 0.17% of First Trust Long/Short Equity ETF worth $2,162,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after acquiring an additional 413,979 shares during the last quarter. World Investment Advisors LLC acquired a new stake in First Trust Long/Short Equity ETF during the 3rd quarter valued at $21,644,000. LPL Financial LLC raised its position in First Trust Long/Short Equity ETF by 9.7% in the 3rd quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after purchasing an additional 150,887 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter worth $6,433,000. Finally, World Equity Group Inc. grew its holdings in shares of First Trust Long/Short Equity ETF by 51.3% during the fourth quarter. World Equity Group Inc. now owns 216,628 shares of the company’s stock worth $14,256,000 after purchasing an additional 73,426 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA:FTLS opened at $65.25 on Tuesday. The business has a fifty day moving average of $67.03 and a 200-day moving average of $65.35. First Trust Long/Short Equity ETF has a twelve month low of $58.92 and a twelve month high of $69.94. The firm has a market cap of $1.92 billion, a PE ratio of 24.12 and a beta of 0.50.

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.