Citizens Financial Group Inc. RI increased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 39,502 shares of the company’s stock after buying an additional 2,946 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in First Trust Long/Short Equity ETF were worth $2,600,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $34,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $36,000. Blue Trust Inc. acquired a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at $52,000. US Bancorp DE bought a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at $62,000. Finally, Principal Securities Inc. raised its stake in First Trust Long/Short Equity ETF by 31.9% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after acquiring an additional 231 shares in the last quarter.
First Trust Long/Short Equity ETF Stock Performance
Shares of NYSEARCA:FTLS opened at $63.91 on Wednesday. The company’s fifty day moving average is $66.81 and its 200-day moving average is $65.41. First Trust Long/Short Equity ETF has a 52 week low of $58.92 and a 52 week high of $69.94. The company has a market capitalization of $1.88 billion, a PE ratio of 24.12 and a beta of 0.50.
About First Trust Long/Short Equity ETF
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.
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