Wilmington Savings Fund Society FSB Takes $75,000 Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Wilmington Savings Fund Society FSB purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,184 shares of the company’s stock, valued at approximately $75,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meadow Creek Wealth Advisors LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 1.7% in the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 9,699 shares of the company’s stock worth $616,000 after acquiring an additional 165 shares during the last quarter. Moors & Cabot Inc. lifted its stake in First Trust Long/Short Equity ETF by 4.6% in the third quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock worth $331,000 after purchasing an additional 228 shares during the last quarter. Prospera Financial Services Inc lifted its stake in First Trust Long/Short Equity ETF by 4.2% in the third quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock worth $741,000 after purchasing an additional 474 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of First Trust Long/Short Equity ETF by 2.4% during the third quarter. Raymond James Trust N.A. now owns 20,465 shares of the company’s stock valued at $1,299,000 after buying an additional 477 shares during the period. Finally, NBC Securities Inc. raised its holdings in shares of First Trust Long/Short Equity ETF by 184.2% in the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after buying an additional 523 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.4 %

FTLS opened at $66.16 on Friday. The business has a fifty day moving average of $65.54 and a 200 day moving average of $63.71. The stock has a market cap of $1.31 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 52-week low of $55.82 and a 52-week high of $67.69.

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.