CENTRAL TRUST Co Makes New $36.23 Million Investment in First Trust Long/Short Equity ETF $FTLS

CENTRAL TRUST Co bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 472,435 shares of the company’s stock, valued at approximately $36,231,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTLS. Royal Bank of Canada increased its position in First Trust Long/Short Equity ETF by 2.2% during the 1st quarter. Royal Bank of Canada now owns 2,606,322 shares of the company’s stock valued at $183,381,000 after buying an additional 57,245 shares in the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Long/Short Equity ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock worth $41,085,000 after acquiring an additional 31,515 shares in the last quarter. Assetmark Inc. boosted its holdings in First Trust Long/Short Equity ETF by 9.3% in the first quarter. Assetmark Inc. now owns 555,229 shares of the company’s stock worth $39,066,000 after acquiring an additional 47,314 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in First Trust Long/Short Equity ETF by 8.3% in the first quarter. Cornerstone Planning Group LLC now owns 235,621 shares of the company’s stock worth $17,408,000 after acquiring an additional 18,044 shares in the last quarter. Finally, Hobart Private Capital LLC boosted its holdings in First Trust Long/Short Equity ETF by 6.9% in the second quarter. Hobart Private Capital LLC now owns 217,929 shares of the company’s stock worth $16,083,000 after acquiring an additional 14,097 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock opened at $75.68 on Thursday. First Trust Long/Short Equity ETF has a fifty-two week low of $69.21 and a fifty-two week high of $78.11. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 24.12 and a beta of 0.49. The stock’s 50-day simple moving average is $76.72 and its 200-day simple moving average is $74.08.

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.