18,258 Shares in First Trust Long/Short Equity ETF $FTLS Purchased by Arax Advisory Partners

Arax Advisory Partners bought a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 4th quarter, Holdings Channel reports. The fund bought 18,258 shares of the company’s stock, valued at approximately $1,296,000.

Several other large investors also recently modified their holdings of FTLS. NewEdge Advisors LLC grew its stake in shares of First Trust Long/Short Equity ETF by 32.6% in the first quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock worth $470,000 after purchasing an additional 1,803 shares during the last quarter. Jones Financial Companies Lllp boosted its position in First Trust Long/Short Equity ETF by 1,462.5% during the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 468 shares in the last quarter. Focus Partners Wealth boosted its position in First Trust Long/Short Equity ETF by 6.6% during the 1st quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock valued at $1,468,000 after acquiring an additional 1,414 shares in the last quarter. Cerity Partners LLC boosted its position in First Trust Long/Short Equity ETF by 57.7% during the 2nd quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock valued at $3,666,000 after acquiring an additional 20,225 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in First Trust Long/Short Equity ETF during the 2nd quarter valued at approximately $344,000.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $74.73 on Tuesday. The stock’s 50 day simple moving average is $73.43 and its two-hundred day simple moving average is $71.85. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a fifty-two week low of $64.63 and a fifty-two week high of $75.06.

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.