Dynamic Advisor Solutions LLC Increases Stock Position in First Trust Long/Short Equity ETF $FTLS

Dynamic Advisor Solutions LLC increased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 17.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,758 shares of the company’s stock after buying an additional 6,720 shares during the period. Dynamic Advisor Solutions LLC owned 0.14% of First Trust Long/Short Equity ETF worth $3,377,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Tidemark LLC bought a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth $29,000. Jones Financial Companies Lllp grew its position in shares of First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after purchasing an additional 468 shares in the last quarter. Rossby Financial LCC raised its stake in shares of First Trust Long/Short Equity ETF by 25.4% during the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock valued at $62,000 after purchasing an additional 176 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the 1st quarter valued at $75,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 801.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock valued at $104,000 after purchasing an additional 1,307 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $75.61 on Friday. First Trust Long/Short Equity ETF has a 52-week low of $66.11 and a 52-week high of $77.52. The stock’s 50-day simple moving average is $74.45 and its 200 day simple moving average is $72.73. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 21.59 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.