NBC Securities Inc. Acquires 523 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

NBC Securities Inc. raised its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 184.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 807 shares of the company’s stock after buying an additional 523 shares during the period. NBC Securities Inc.’s holdings in First Trust Long/Short Equity ETF were worth $51,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Iams Wealth Management LLC increased its position in shares of First Trust Long/Short Equity ETF by 20.0% in the third quarter. Iams Wealth Management LLC now owns 13,101 shares of the company’s stock valued at $832,000 after acquiring an additional 2,179 shares during the last quarter. Concourse Financial Group Securities Inc. increased its position in shares of First Trust Long/Short Equity ETF by 217.3% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 7,694 shares of the company’s stock worth $488,000 after purchasing an additional 5,269 shares during the last quarter. Montis Financial LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $1,059,000. TAP Consulting LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 2.9% in the 3rd quarter. TAP Consulting LLC now owns 33,627 shares of the company’s stock valued at $2,134,000 after buying an additional 938 shares during the last quarter. Finally, UMB Bank n.a. bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at $35,000.

First Trust Long/Short Equity ETF Trading Up 0.1 %

Shares of FTLS opened at $64.91 on Monday. The company’s fifty day simple moving average is $63.21 and its 200 day simple moving average is $62.16. First Trust Long/Short Equity ETF has a 1-year low of $52.15 and a 1-year high of $65.00. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.