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

RiverTree Advisors LLC raised its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 29.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,420 shares of the company’s stock after acquiring an additional 20,177 shares during the period. First Trust Long/Short Equity ETF accounts for approximately 3.7% of RiverTree Advisors LLC’s portfolio, making the stock its 13th largest position. RiverTree Advisors LLC owned approximately 0.66% of First Trust Long/Short Equity ETF worth $5,452,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Silver Oak Securities Incorporated grew its holdings in shares of First Trust Long/Short Equity ETF by 30.1% during the fourth quarter. Silver Oak Securities Incorporated now owns 23,887 shares of the company’s stock worth $1,344,000 after buying an additional 5,533 shares during the last quarter. Cardinal Point Capital Management ULC raised its stake in shares of First Trust Long/Short Equity ETF by 3.2% during the fourth quarter. Cardinal Point Capital Management ULC now owns 91,799 shares of the company’s stock worth $5,165,000 after purchasing an additional 2,883 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of First Trust Long/Short Equity ETF by 155.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,733 shares of the company’s stock worth $941,000 after acquiring an additional 10,174 shares during the period. Kestra Private Wealth Services LLC lifted its position in First Trust Long/Short Equity ETF by 36.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 25,063 shares of the company’s stock valued at $1,410,000 after purchasing an additional 6,684 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $100,000.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA FTLS traded up $0.18 during trading on Friday, hitting $62.91. 23,266 shares of the company were exchanged, compared to its average volume of 130,060. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 1 year low of $52.00 and a 1 year high of $63.21. The firm’s fifty day moving average price is $61.26 and its 200 day moving average price is $59.83.

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.