Fifth Third Bancorp Makes New Investment in First Trust Long/Short Equity ETF $FTLS

Fifth Third Bancorp acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 103,699 shares of the company’s stock, valued at approximately $7,296,000. Fifth Third Bancorp owned approximately 0.34% of First Trust Long/Short Equity ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FTLS. Burkett Financial Services LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth $28,000. Tidemark LLC bought a new stake in First Trust Long/Short Equity ETF in the 4th quarter worth $29,000. Jones Financial Companies Lllp grew its holdings in First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after acquiring an additional 468 shares during the last quarter. Rossby Financial LCC increased its position in shares of First Trust Long/Short Equity ETF by 25.4% in the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock valued at $62,000 after acquiring an additional 176 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in shares of First Trust Long/Short Equity ETF by 801.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock valued at $104,000 after acquiring an additional 1,307 shares during the period.

First Trust Long/Short Equity ETF Price Performance

FTLS opened at $74.73 on Thursday. First Trust Long/Short Equity ETF has a one year low of $65.56 and a one year high of $75.14. The business has a 50 day simple moving average of $74.20 and a two-hundred day simple moving average of $72.31. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50.

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.