Commonwealth Equity Services LLC Raises Position in First Trust Long/Short Equity ETF $FTLS

Commonwealth Equity Services LLC lifted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 22.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,314 shares of the company’s stock after buying an additional 20,793 shares during the quarter. Commonwealth Equity Services LLC owned 0.40% of First Trust Long/Short Equity ETF worth $7,996,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTLS. Brookwood Investment Group LLC raised its stake in shares of First Trust Long/Short Equity ETF by 9.9% during the third quarter. Brookwood Investment Group LLC now owns 13,484 shares of the company’s stock valued at $943,000 after purchasing an additional 1,216 shares during the period. Golden State Equity Partners grew its holdings in First Trust Long/Short Equity ETF by 27.3% during the 3rd quarter. Golden State Equity Partners now owns 22,311 shares of the company’s stock valued at $1,561,000 after purchasing an additional 4,791 shares in the last quarter. Merit Financial Group LLC grew its holdings in First Trust Long/Short Equity ETF by 207.6% during the 3rd quarter. Merit Financial Group LLC now owns 94,453 shares of the company’s stock valued at $6,607,000 after purchasing an additional 63,746 shares in the last quarter. Greenwood Capital Associates LLC purchased a new stake in First Trust Long/Short Equity ETF during the 3rd quarter worth $297,000. Finally, Darwin Wealth Management LLC lifted its holdings in First Trust Long/Short Equity ETF by 5.5% in the 3rd quarter. Darwin Wealth Management LLC now owns 37,301 shares of the company’s stock worth $2,609,000 after buying an additional 1,952 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS opened at $71.38 on Wednesday. The firm has a 50-day moving average of $71.15 and a two-hundred day moving average of $69.17. The stock has a market cap of $2.17 billion, a P/E ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $72.20.

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.