JPMorgan Chase & Co. Grows Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

JPMorgan Chase & Co. lifted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 81.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 768,382 shares of the company’s stock after acquiring an additional 344,423 shares during the period. JPMorgan Chase & Co. owned 3.87% of First Trust Long/Short Equity ETF worth $50,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 4.2% during the 4th quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after purchasing an additional 191 shares during the last quarter. Principal Securities Inc. raised its position in shares of First Trust Long/Short Equity ETF by 31.9% in 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. GAMMA Investing LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after buying an additional 353 shares during the period. Geneos Wealth Management Inc. boosted its position in First Trust Long/Short Equity ETF by 4.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after acquiring an additional 422 shares during the last quarter. Finally, Wintrust Investments LLC grew its stake in First Trust Long/Short Equity ETF by 35.6% in the 4th quarter. Wintrust Investments LLC now owns 1,725 shares of the company’s stock worth $113,000 after acquiring an additional 453 shares during the period.

First Trust Long/Short Equity ETF Stock Down 3.2 %

Shares of First Trust Long/Short Equity ETF stock opened at $60.93 on Friday. First Trust Long/Short Equity ETF has a fifty-two week low of $58.92 and a fifty-two week high of $69.94. The business’s fifty day moving average is $65.69 and its two-hundred day moving average is $65.54. The firm has a market cap of $1.81 billion, a PE ratio of 24.26 and a beta of 0.50.

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.