First Trust Long/Short Equity ETF $FTLS Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 210.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,122 shares of the company’s stock after purchasing an additional 12,969 shares during the period. PNC Financial Services Group Inc.’s holdings in First Trust Long/Short Equity ETF were worth $1,345,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tidemark LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter worth $29,000. Jones Financial Companies Lllp boosted its stake in First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares in the last quarter. Rossby Financial LCC grew its holdings in First Trust Long/Short Equity ETF by 25.4% during the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after acquiring an additional 176 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Long/Short Equity ETF during the first quarter worth about $75,000. Finally, Cullen Frost Bankers Inc. raised its position in First Trust Long/Short Equity ETF by 801.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after acquiring an additional 1,307 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 1.2%

Shares of First Trust Long/Short Equity ETF stock opened at $75.22 on Friday. First Trust Long/Short Equity ETF has a 52 week low of $65.84 and a 52 week high of $77.52. The stock has a market cap of $2.47 billion, a PE ratio of 21.59 and a beta of 0.50. The company’s 50-day moving average price is $74.37 and its two-hundred day moving average price is $72.59.

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.