Ascentis Independent Advisors Purchases 12,838 Shares of First Trust Long/Short Equity ETF $FTLS

Ascentis Independent Advisors increased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 138.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,131 shares of the company’s stock after acquiring an additional 12,838 shares during the period. Ascentis Independent Advisors’ holdings in First Trust Long/Short Equity ETF were worth $1,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTLS. NewEdge Advisors LLC raised 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 shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares during the last quarter. Focus Partners Wealth increased its holdings in First Trust Long/Short Equity ETF by 6.6% in the 1st quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock worth $1,468,000 after buying an additional 1,414 shares in the last quarter. Cerity Partners LLC increased its holdings in First Trust Long/Short Equity ETF by 57.7% in the 2nd quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock worth $3,666,000 after buying an additional 20,225 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in First Trust Long/Short Equity ETF in the 2nd quarter worth about $344,000.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA:FTLS opened at $74.08 on Tuesday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. The business has a 50-day simple moving average of $74.04 and a two-hundred day simple moving average of $72.14. First Trust Long/Short Equity ETF has a fifty-two week low of $65.56 and a fifty-two week high of $75.11.

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.