First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 155.1% in the 4th quarter, Holdings Channel reports. The fund owned 16,733 shares of the company’s stock after acquiring an additional 10,174 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in First Trust Long/Short Equity ETF were worth $941,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Raymond James & Associates acquired a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter worth $1,198,000. Cedar Brook Financial Partners LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 17.3% in the 4th quarter. Cedar Brook Financial Partners LLC now owns 22,470 shares of the company’s stock worth $1,298,000 after acquiring an additional 3,307 shares during the period. Cardinal Point Capital Management ULC lifted its stake in shares of First Trust Long/Short Equity ETF by 3.2% in the 4th quarter. Cardinal Point Capital Management ULC now owns 91,799 shares of the company’s stock worth $5,165,000 after acquiring an additional 2,883 shares during the period. FOCUS Wealth Advisors LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 1.0% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 78,085 shares of the company’s stock valued at $4,393,000 after purchasing an additional 792 shares in the last quarter. Finally, Patten Group Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 4.5% in the 4th quarter. Patten Group Inc. now owns 21,510 shares of the company’s stock valued at $1,210,000 after purchasing an additional 922 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 1.1 %

Shares of FTLS opened at $59.99 on Tuesday. The company has a 50-day simple moving average of $60.50 and a 200-day simple moving average of $57.26. The company has a market capitalization of $806.87 million, a PE ratio of 17.27 and a beta of 0.51. First Trust Long/Short Equity ETF has a 52-week low of $50.74 and a 52-week high of $61.85.

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.