Insigneo Advisory Services LLC Purchases New Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Insigneo Advisory Services LLC acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the second quarter, according to its most recent filing with the SEC. The fund acquired 3,338 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC grew its holdings in First Trust Long/Short Equity ETF by 120.7% during the 2nd quarter. AE Wealth Management LLC now owns 27,219 shares of the company’s stock valued at $1,704,000 after buying an additional 14,887 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in First Trust Long/Short Equity ETF by 5.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 21,995 shares of the company’s stock valued at $1,377,000 after acquiring an additional 1,134 shares in the last quarter. WCG Wealth Advisors LLC bought a new stake in First Trust Long/Short Equity ETF during the 2nd quarter worth approximately $889,000. Carolinas Wealth Consulting LLC lifted its stake in First Trust Long/Short Equity ETF by 325.6% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 10,316 shares of the company’s stock worth $648,000 after purchasing an additional 7,892 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in First Trust Long/Short Equity ETF by 10.5% in the 2nd quarter. Moors & Cabot Inc. now owns 4,986 shares of the company’s stock valued at $312,000 after purchasing an additional 475 shares during the period.

First Trust Long/Short Equity ETF Price Performance

FTLS opened at $63.09 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 firm has a market capitalization of $1.25 billion, a P/E ratio of 19.46 and a beta of 0.62. The company has a fifty day moving average price of $62.63 and a 200-day moving average price of $61.88.

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.