Farther Finance Advisors LLC Boosts Position in First Trust Long/Short Equity ETF $FTLS

Farther Finance Advisors LLC grew its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 5,751.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,250 shares of the company’s stock after buying an additional 8,109 shares during the period. Farther Finance Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $586,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FTLS. NewEdge Advisors LLC increased its stake in shares of First Trust Long/Short Equity ETF by 32.6% during the first quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after buying an additional 1,803 shares during the period. Jones Financial Companies Lllp increased its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares during the period. Focus Partners Wealth increased its stake in shares of First Trust Long/Short Equity ETF by 6.6% during the first quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock valued at $1,468,000 after buying an additional 1,414 shares during the period. Cerity Partners LLC increased its stake in shares of First Trust Long/Short Equity ETF by 57.7% during the second quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock valued at $3,666,000 after buying an additional 20,225 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of First Trust Long/Short Equity ETF during the second quarter valued at approximately $344,000.

First Trust Long/Short Equity ETF Stock Up 0.2%

Shares of FTLS stock opened at $72.88 on Friday. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51. The business’s fifty day moving average is $70.98 and its 200 day moving average is $70.94. First Trust Long/Short Equity ETF has a twelve month low of $62.64 and a twelve month high of $72.92.

First Trust Long/Short Equity ETF 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.