First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Purchased by LPL Financial LLC

LPL Financial LLC grew its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,907,555 shares of the company’s stock after acquiring an additional 194,659 shares during the period. LPL Financial LLC owned about 0.10% of First Trust Long/Short Equity ETF worth $125,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after buying an additional 413,979 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $21,644,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $16,769,000. Ethos Financial Group LLC lifted its stake in First Trust Long/Short Equity ETF by 4,297.8% during the fourth quarter. Ethos Financial Group LLC now owns 156,299 shares of the company’s stock worth $10,286,000 after purchasing an additional 152,745 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter worth $6,433,000.

First Trust Long/Short Equity ETF Price Performance

FTLS stock opened at $64.63 on Tuesday. The firm has a fifty day moving average price of $66.37 and a two-hundred day moving average price of $65.47. First Trust Long/Short Equity ETF has a 1-year low of $58.92 and a 1-year high of $69.94. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 24.26 and a beta of 0.50.

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.