Ethos Financial Group LLC Purchases 152,745 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Ethos Financial Group LLC grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4,297.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 156,299 shares of the company’s stock after acquiring an additional 152,745 shares during the period. First Trust Long/Short Equity ETF accounts for approximately 1.3% of Ethos Financial Group LLC’s investment portfolio, making the stock its 20th biggest holding. Ethos Financial Group LLC’s holdings in First Trust Long/Short Equity ETF were worth $10,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of FTLS. SBI Securities Co. Ltd. bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth approximately $34,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth approximately $36,000. Blue Trust Inc. bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth approximately $52,000. US Bancorp DE bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth approximately $62,000. Finally, Principal Securities Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 31.9% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after purchasing an additional 231 shares during the period.

First Trust Long/Short Equity ETF Price Performance

FTLS opened at $65.31 on Thursday. First Trust Long/Short Equity ETF has a 1-year low of $58.92 and a 1-year high of $69.94. The company has a 50 day simple moving average of $66.96 and a two-hundred day simple moving average of $65.37. The firm has a market cap of $1.92 billion, a P/E ratio of 24.12 and a beta of 0.50.

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.