First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Stock Position Boosted by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,986 shares of the company’s stock after buying an additional 475 shares during the quarter. Moors & Cabot Inc.’s holdings in First Trust Long/Short Equity ETF were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. boosted its position in First Trust Long/Short Equity ETF by 140.9% during the 4th quarter. Assetmark Inc. now owns 9,362 shares of the company’s stock worth $527,000 after acquiring an additional 5,475 shares during the period. Steward Partners Investment Advisory LLC increased its stake in First Trust Long/Short Equity ETF by 6.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,890 shares of the company’s stock valued at $781,000 after buying an additional 801 shares during the period. Lcnb Corp lifted its position in First Trust Long/Short Equity ETF by 7.5% in the 4th quarter. Lcnb Corp now owns 88,541 shares of the company’s stock worth $4,981,000 after buying an additional 6,209 shares in the last quarter. Avestar Capital LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 25.7% during the 4th quarter. Avestar Capital LLC now owns 47,758 shares of the company’s stock valued at $2,687,000 after buying an additional 9,769 shares during the period. Finally, Belpointe Asset Management LLC increased its stake in shares of First Trust Long/Short Equity ETF by 93.5% in the fourth quarter. Belpointe Asset Management LLC now owns 30,487 shares of the company’s stock worth $1,715,000 after acquiring an additional 14,728 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA FTLS opened at $63.01 on Friday. First Trust Long/Short Equity ETF has a one year low of $52.15 and a one year high of $63.87. The business’s 50-day moving average price is $62.58 and its two-hundred day moving average price is $61.78. The company has a market capitalization of $1.25 billion, a P/E ratio of 19.46 and a beta of 0.62.

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.