Janney Montgomery Scott LLC Purchases 6,691 Shares of First Trust Long/Short Equity ETF $FTLS

Janney Montgomery Scott LLC boosted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,501 shares of the company’s stock after acquiring an additional 6,691 shares during the quarter. Janney Montgomery Scott LLC owned 0.25% of First Trust Long/Short Equity ETF worth $5,071,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of First Trust Long/Short Equity ETF by 5,015.1% during the first quarter. GAMMA Investing LLC now owns 86,957 shares of the company’s stock worth $5,572,000 after buying an additional 85,257 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of First Trust Long/Short Equity ETF during the first quarter worth $51,000. KMG Fiduciary Partners LLC grew its stake in shares of First Trust Long/Short Equity ETF by 24.8% during the first quarter. KMG Fiduciary Partners LLC now owns 25,437 shares of the company’s stock worth $1,630,000 after buying an additional 5,048 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of First Trust Long/Short Equity ETF by 4.9% during the first quarter. Park Avenue Securities LLC now owns 9,350 shares of the company’s stock worth $599,000 after buying an additional 433 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in shares of First Trust Long/Short Equity ETF by 3.7% during the first quarter. First Citizens Bank & Trust Co. now owns 18,075 shares of the company’s stock worth $1,158,000 after buying an additional 647 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $70.06 on Tuesday. The firm’s fifty day moving average price is $68.13 and its two-hundred day moving average price is $65.82. The stock has a market cap of $2.01 billion, a PE ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a fifty-two week low of $58.90 and a fifty-two week high of $70.49.

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.