Patten Group Inc. Purchases 704 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Patten Group Inc. grew its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,854 shares of the company’s stock after purchasing an additional 704 shares during the period. Patten Group Inc.’s holdings in First Trust Long/Short Equity ETF were worth $2,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its stake in shares of First Trust Long/Short Equity ETF by 4.2% during the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after buying an additional 191 shares during the last quarter. Moors & Cabot Inc. grew its holdings in First Trust Long/Short Equity ETF by 4.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock worth $331,000 after acquiring an additional 228 shares during the period. Principal Securities Inc. raised its position in shares of First Trust Long/Short Equity ETF by 31.9% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after acquiring an additional 231 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 26.2% in the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after purchasing an additional 353 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 4.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after purchasing an additional 422 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Down 1.8 %

Shares of First Trust Long/Short Equity ETF stock opened at $65.25 on Tuesday. First Trust Long/Short Equity ETF has a 12 month low of $58.92 and a 12 month high of $69.94. The business has a fifty day simple moving average of $67.03 and a 200 day simple moving average of $65.35. The stock has a market cap of $1.92 billion, a PE ratio of 24.12 and a beta of 0.50.

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.