First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Purchased by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. raised its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,513 shares of the company’s stock after buying an additional 7,902 shares during the period. First Trust Long/Short Equity ETF comprises about 2.0% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 11th largest position. Beacon Harbor Wealth Advisors Inc. owned 0.67% of First Trust Long/Short Equity ETF worth $8,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $16,769,000. Assetmark Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 8.5% in the 4th quarter. Assetmark Inc. now owns 54,333 shares of the company’s stock valued at $3,576,000 after purchasing an additional 4,240 shares during the period. Synergy Investment Management LLC purchased a new position in First Trust Long/Short Equity ETF during the 4th quarter worth approximately $96,000. Patten Group Inc. grew its position in shares of First Trust Long/Short Equity ETF by 2.2% during the fourth quarter. Patten Group Inc. now owns 32,854 shares of the company’s stock worth $2,162,000 after acquiring an additional 704 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in First Trust Long/Short Equity ETF by 146.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 70,634 shares of the company’s stock valued at $4,648,000 after purchasing an additional 42,031 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.0 %

FTLS opened at $67.53 on Tuesday. The business has a 50 day moving average price of $66.95 and a two-hundred day moving average price of $64.83. First Trust Long/Short Equity ETF has a 52 week low of $58.35 and a 52 week high of $69.94. The company has a market cap of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62.

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.