Cerity Partners LLC Invests $3.71 Million in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cerity Partners LLC purchased a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 65,974 shares of the company’s stock, valued at approximately $3,712,000. Cerity Partners LLC owned 0.49% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in shares of First Trust Long/Short Equity ETF by 9.1% in the third quarter. Morgan Stanley now owns 2,051,653 shares of the company’s stock worth $109,045,000 after acquiring an additional 171,795 shares during the period. Royal Bank of Canada raised its position in shares of First Trust Long/Short Equity ETF by 4.2% in the third quarter. Royal Bank of Canada now owns 1,606,989 shares of the company’s stock worth $85,412,000 after buying an additional 64,663 shares in the last quarter. Truist Financial Corp raised its position in shares of First Trust Long/Short Equity ETF by 22.3% in the third quarter. Truist Financial Corp now owns 481,772 shares of the company’s stock worth $25,606,000 after buying an additional 87,779 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of First Trust Long/Short Equity ETF by 49.1% in the fourth quarter. CENTRAL TRUST Co now owns 366,284 shares of the company’s stock worth $20,607,000 after buying an additional 120,693 shares in the last quarter. Finally, Financial Enhancement Group LLC raised its position in shares of First Trust Long/Short Equity ETF by 1.5% in the fourth quarter. Financial Enhancement Group LLC now owns 254,136 shares of the company’s stock worth $14,600,000 after buying an additional 3,699 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $59.66 on Thursday. First Trust Long/Short Equity ETF has a 52-week low of $50.74 and a 52-week high of $61.85. The company has a market capitalization of $802.43 million, a PE ratio of 17.27 and a beta of 0.51. The business’s fifty day moving average is $60.54 and its 200 day moving average is $57.33.

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.