Independent Financial Group LLC Invests $1.27 Million in First Trust Long/Short Equity ETF $FTLS

Independent Financial Group LLC acquired a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,053 shares of the company’s stock, valued at approximately $1,270,000. Independent Financial Group LLC owned 0.06% of First Trust Long/Short Equity ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 728.0% in the fourth quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after buying an additional 446,569 shares during the period. Center For Asset Management LLC bought a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $2,965,000. Seeds Investor LLC acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $3,283,000. Triad Wealth Partners LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth about $527,000. Finally, CENTRAL TRUST Co lifted its stake in First Trust Long/Short Equity ETF by 6.2% in the 4th quarter. CENTRAL TRUST Co now owns 422,643 shares of the company’s stock valued at $30,003,000 after purchasing an additional 24,707 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $74.66 on Tuesday. The stock has a 50-day simple moving average of $74.24 and a 200 day simple moving average of $72.37. The stock has a market capitalization of $2.45 billion, a P/E ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 52 week low of $65.84 and a 52 week high of $75.14.

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.