Independent Financial Group LLC Takes $1.27 Million Position in First Trust Long/Short Equity ETF $FTLS

Independent Financial Group LLC purchased a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 1st quarter, Holdings Channel reports. The fund purchased 18,053 shares of the company’s stock, valued at approximately $1,270,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rossby Financial LCC lifted its stake in First Trust Long/Short Equity ETF by 25.4% in the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock valued at $62,000 after purchasing an additional 176 shares during the last quarter. HBW Advisory Services LLC grew its stake in shares of First Trust Long/Short Equity ETF by 2.8% during the first quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock worth $481,000 after buying an additional 186 shares during the last quarter. Hilltop Holdings Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 2.6% during the third quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock worth $549,000 after buying an additional 196 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in shares of First Trust Long/Short Equity ETF by 10.2% during the fourth quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock worth $182,000 after buying an additional 236 shares in the last quarter. Finally, Sigma Planning Corp increased its holdings in shares of First Trust Long/Short Equity ETF by 0.6% during the first quarter. Sigma Planning Corp now owns 38,410 shares of the company’s stock worth $2,702,000 after buying an additional 240 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $74.66 on Tuesday. First Trust Long/Short Equity ETF has a 52 week low of $65.84 and a 52 week high of $75.14. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. The stock has a fifty day moving average of $74.24 and a 200-day moving average of $72.37.

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.