International Assets Investment Management LLC Takes $10.66 Million Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

International Assets Investment Management LLC bought a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 189,554 shares of the company’s stock, valued at approximately $10,664,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of First Trust Long/Short Equity ETF by 4.2% during the 3rd quarter. Royal Bank of Canada now owns 1,606,989 shares of the company’s stock valued at $85,412,000 after acquiring an additional 64,663 shares during the last quarter. Truist Financial Corp lifted its position in First Trust Long/Short Equity ETF by 22.3% in the third quarter. Truist Financial Corp now owns 481,772 shares of the company’s stock worth $25,606,000 after buying an additional 87,779 shares during the last quarter. CENTRAL TRUST Co lifted its position in First Trust Long/Short Equity ETF by 49.1% in the fourth quarter. CENTRAL TRUST Co now owns 366,284 shares of the company’s stock worth $20,607,000 after buying an additional 120,693 shares during the last quarter. Financial Enhancement Group LLC lifted its position in First Trust Long/Short Equity ETF by 1.5% in the fourth quarter. Financial Enhancement Group LLC now owns 254,136 shares of the company’s stock worth $14,600,000 after buying an additional 3,699 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in First Trust Long/Short Equity ETF by 137.5% in the third quarter. Private Advisor Group LLC now owns 205,288 shares of the company’s stock worth $10,911,000 after buying an additional 118,858 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.7 %

Shares of FTLS opened at $60.13 on Monday. The company has a market cap of $1.12 billion, a PE ratio of 18.96 and a beta of 0.59. The business has a fifty day moving average of $60.61 and a 200 day moving average of $57.90. First Trust Long/Short Equity ETF has a 52-week low of $50.79 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.