Principal Securities Inc. Has $63,000 Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Principal Securities Inc. lifted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 31.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 955 shares of the company’s stock after purchasing an additional 231 shares during the quarter. Principal Securities Inc.’s holdings in First Trust Long/Short Equity ETF were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FTLS. JPMorgan Chase & Co. increased its stake in First Trust Long/Short Equity ETF by 4,148.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after buying an additional 413,979 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at about $21,644,000. LPL Financial LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock worth $108,718,000 after acquiring an additional 150,887 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $6,433,000. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at about $4,435,000.

First Trust Long/Short Equity ETF Stock Down 1.3 %

Shares of First Trust Long/Short Equity ETF stock opened at $65.49 on Friday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a twelve month low of $58.92 and a twelve month high of $69.94. The company has a 50-day simple moving average of $67.03 and a two-hundred day simple moving average of $65.27.

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.