6,445 Shares in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Acquired by SpiderRock Advisors LLC

SpiderRock Advisors LLC bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,445 shares of the company’s stock, valued at approximately $391,000.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its stake in First Trust Long/Short Equity ETF by 127.7% in the fourth quarter. National Bank of Canada FI now owns 535 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $100,000. Allworth Financial LP purchased a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $114,000. ICA Group Wealth Management LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $197,000. Finally, Traction Financial Partners LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter worth approximately $213,000.

First Trust Long/Short Equity ETF Trading Down 0.2 %

Shares of First Trust Long/Short Equity ETF stock traded down $0.15 during trading hours on Friday, hitting $63.00. 59,303 shares of the company were exchanged, compared to its average volume of 131,164. First Trust Long/Short Equity ETF has a 1 year low of $52.01 and a 1 year high of $63.31. The business has a 50-day moving average of $61.58 and a 200-day moving average of $60.06. The stock has a market capitalization of $1.25 billion, a price-to-earnings 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.