Park Avenue Securities LLC Makes New $491,000 Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Park Avenue Securities LLC acquired a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,965 shares of the company’s stock, valued at approximately $491,000. Park Avenue Securities LLC owned 0.06% of First Trust Long/Short Equity ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. TAP Consulting LLC boosted its stake in First Trust Long/Short Equity ETF by 0.6% during the fourth quarter. TAP Consulting LLC now owns 30,530 shares of the company’s stock worth $1,718,000 after buying an additional 186 shares during the period. Bridgeworth LLC lifted its position in shares of First Trust Long/Short Equity ETF by 2.7% during the fourth quarter. Bridgeworth LLC now owns 9,331 shares of the company’s stock worth $525,000 after purchasing an additional 243 shares during the last quarter. National Bank of Canada FI lifted its position in shares of First Trust Long/Short Equity ETF by 127.7% during the fourth quarter. National Bank of Canada FI now owns 535 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Western Wealth Management LLC lifted its position in shares of First Trust Long/Short Equity ETF by 8.2% during the fourth quarter. Western Wealth Management LLC now owns 4,116 shares of the company’s stock worth $232,000 after purchasing an additional 312 shares during the last quarter. Finally, Mariner LLC lifted its position in shares of First Trust Long/Short Equity ETF by 3.6% during the third quarter. Mariner LLC now owns 13,119 shares of the company’s stock worth $697,000 after purchasing an additional 451 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.2 %

NYSEARCA:FTLS opened at $62.59 on Friday. First Trust Long/Short Equity ETF has a twelve month low of $52.00 and a twelve month high of $63.21. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The stock has a fifty day simple moving average of $61.33 and a 200-day simple moving average of $59.88.

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.