First Trust Long/Short Equity ETF $FTLS Stock: International Assets Investment Management LLC Grows Position

International Assets Investment Management LLC raised its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 330.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 15,760 shares of the company’s stock after purchasing an additional 12,099 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new position in First Trust Long/Short Equity ETF in the first quarter worth $75,000. Coppell Advisory Solutions LLC purchased a new position in First Trust Long/Short Equity ETF during the 2nd quarter worth $107,000. CoreCap Advisors LLC grew its stake in First Trust Long/Short Equity ETF by 14.5% during the 2nd quarter. CoreCap Advisors LLC now owns 1,461 shares of the company’s stock worth $108,000 after buying an additional 185 shares during the last quarter. Compass Financial Management LLC acquired a new position in First Trust Long/Short Equity ETF during the 2nd quarter valued at about $112,000. Finally, Bessemer Group Inc. acquired a new position in First Trust Long/Short Equity ETF during the 1st quarter valued at about $181,000.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $76.24 on Thursday. The stock has a 50-day moving average of $76.89 and a two-hundred day moving average of $73.99. First Trust Long/Short Equity ETF has a one year low of $69.21 and a one year high of $78.11. The stock has a market cap of $2.63 billion, a PE ratio of 21.59 and a beta of 0.49.

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.