Graney & King LLC Invests $194,000 in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Graney & King LLC bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,953 shares of the company’s stock, valued at approximately $194,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in First Trust Long/Short Equity ETF by 8.6% in the third quarter. Cerity Partners LLC now owns 80,561 shares of the company’s stock valued at $5,113,000 after purchasing an additional 6,403 shares during the period. CreativeOne Wealth LLC increased its stake in shares of First Trust Long/Short Equity ETF by 156.8% in the third quarter. CreativeOne Wealth LLC now owns 58,524 shares of the company’s stock valued at $3,715,000 after buying an additional 35,733 shares during the period. Benjamin Edwards Inc. raised its position in shares of First Trust Long/Short Equity ETF by 8,803.1% during the third quarter. Benjamin Edwards Inc. now owns 23,059 shares of the company’s stock worth $1,463,000 after acquiring an additional 22,800 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth approximately $484,000. Finally, HighTower Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 2.9% in the third quarter. HighTower Advisors LLC now owns 202,446 shares of the company’s stock valued at $12,862,000 after acquiring an additional 5,694 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $64.60 on Wednesday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 24.26 and a beta of 0.50. First Trust Long/Short Equity ETF has a 52-week low of $58.92 and a 52-week high of $69.94. The firm has a 50 day moving average price of $66.34 and a two-hundred day moving average price of $65.49.

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.