Optivise Advisory Services LLC Takes $1.16 Million Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Optivise Advisory Services LLC purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the third quarter, HoldingsChannel reports. The institutional investor purchased 18,231 shares of the company’s stock, valued at approximately $1,157,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTLS. LPL Financial LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 27.3% during the second quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock worth $97,766,000 after buying an additional 335,072 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of First Trust Long/Short Equity ETF by 4,639.2% during the third quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock worth $197,200,000 after purchasing an additional 304,146 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust Long/Short Equity ETF by 557.2% in the 1st quarter. Cetera Investment Advisers now owns 283,043 shares of the company’s stock valued at $17,452,000 after buying an additional 239,972 shares during the last quarter. EdgeRock Capital LLC acquired a new position in First Trust Long/Short Equity ETF in the 2nd quarter valued at $5,525,000. Finally, Proactive Wealth Strategies LLC acquired a new position in First Trust Long/Short Equity ETF in the 3rd quarter valued at $4,435,000.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $65.63 on Friday. The stock has a market capitalization of $1.30 billion, a PE ratio of 19.46 and a beta of 0.62. The company has a fifty day moving average of $64.17 and a 200-day moving average of $62.91. First Trust Long/Short Equity ETF has a one year low of $54.92 and a one year high of $66.12.

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.