Comerica Bank Has $6.84 Million Stake in First Trust Long/Short Equity ETF $FTLS

Comerica Bank decreased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 96,345 shares of the company’s stock after selling 6,941 shares during the period. Comerica Bank’s holdings in First Trust Long/Short Equity ETF were worth $6,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FTLS. NewEdge Advisors LLC grew its position in shares of First Trust Long/Short Equity ETF by 32.6% in the first quarter. NewEdge Advisors LLC now owns 7,337 shares of the company’s stock valued at $470,000 after purchasing an additional 1,803 shares during the last quarter. 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 during the last quarter. Focus Partners Wealth grew its position in shares of First Trust Long/Short Equity ETF by 6.6% in the first quarter. Focus Partners Wealth now owns 22,906 shares of the company’s stock valued at $1,468,000 after purchasing an additional 1,414 shares during the last quarter. Cerity Partners LLC grew its position in shares of First Trust Long/Short Equity ETF by 57.7% in the second quarter. Cerity Partners LLC now owns 55,304 shares of the company’s stock valued at $3,666,000 after purchasing an additional 20,225 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of First Trust Long/Short Equity ETF in the second quarter valued at approximately $344,000.

First Trust Long/Short Equity ETF Trading Up 0.7%

First Trust Long/Short Equity ETF stock opened at $73.79 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $63.55 and a 12 month high of $73.88. The stock’s 50 day moving average is $71.16 and its 200-day moving average is $71.05. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51.

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.