Cetera Investment Advisers Has $41.09 Million Stock Holdings in First Trust Long/Short Equity ETF $FTLS

Cetera Investment Advisers increased its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 583,922 shares of the company’s stock after buying an additional 31,515 shares during the quarter. Cetera Investment Advisers owned 1.89% of First Trust Long/Short Equity ETF worth $41,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FTLS. First Trust Advisors LP boosted its position in First Trust Long/Short Equity ETF by 71.7% during the 1st quarter. First Trust Advisors LP now owns 223,206 shares of the company’s stock worth $15,703,000 after acquiring an additional 93,210 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 210.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,122 shares of the company’s stock valued at $1,345,000 after purchasing an additional 12,969 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 1st quarter valued at about $75,000. Cornerstone Planning Group LLC lifted its position in shares of First Trust Long/Short Equity ETF by 8.3% in the first quarter. Cornerstone Planning Group LLC now owns 235,621 shares of the company’s stock worth $17,408,000 after purchasing an additional 18,044 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 9.3% in the first quarter. Assetmark Inc. now owns 555,229 shares of the company’s stock worth $39,066,000 after purchasing an additional 47,314 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $75.04 on Friday. The stock has a market cap of $2.46 billion, a P/E ratio of 21.59 and a beta of 0.50. The firm has a 50 day simple moving average of $74.31 and a 200 day simple moving average of $72.48. First Trust Long/Short Equity ETF has a 52 week low of $65.84 and a 52 week high of $75.58.

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.