SBI Securities Co. Ltd. acquired a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 517 shares of the company’s stock, valued at approximately $34,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA bought a new stake in First Trust Long/Short Equity ETF during the 4th quarter worth approximately $36,000. Blue Trust Inc. bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at approximately $52,000. US Bancorp DE bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at approximately $62,000. Principal Securities Inc. raised its position in shares of First Trust Long/Short Equity ETF by 31.9% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after buying an additional 231 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at approximately $75,000.
First Trust Long/Short Equity ETF Price Performance
First Trust Long/Short Equity ETF stock opened at $63.91 on Wednesday. The stock has a market cap of $1.88 billion, a P/E ratio of 24.12 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1 year low of $58.92 and a 1 year high of $69.94. The firm’s 50 day moving average price is $66.81 and its 200-day moving average price is $65.41.
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.
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