Bank of Montreal Can Sells 3,510 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Bank of Montreal Can lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 39.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,330 shares of the company’s stock after selling 3,510 shares during the period. Bank of Montreal Can’s holdings in First Trust Long/Short Equity ETF were worth $351,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its stake in First Trust Long/Short Equity ETF by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 204,004 shares of the company’s stock worth $13,425,000 after purchasing an additional 1,558 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after buying an additional 413,979 shares in the last quarter. GAMMA Investing LLC boosted its stake in First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after buying an additional 353 shares during the period. SMART Wealth LLC grew its position in First Trust Long/Short Equity ETF by 10.0% during the third quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock worth $1,235,000 after buying an additional 1,775 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 9.5% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 25,842 shares of the company’s stock worth $1,701,000 after acquiring an additional 2,237 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.5 %

NYSEARCA:FTLS opened at $62.43 on Thursday. The stock has a market cap of $1.88 billion, a P/E ratio of 24.14 and a beta of 0.50. The business’s 50-day moving average price is $63.96 and its two-hundred day moving average price is $65.35. First Trust Long/Short Equity ETF has a twelve month low of $58.90 and a twelve month high of $69.94.

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.