Osaic Holdings Inc. increased its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 218,598 shares of the company’s stock after purchasing an additional 16,376 shares during the period. Osaic Holdings Inc. owned 0.75% of First Trust Long/Short Equity ETF worth $14,485,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co grew its stake in shares of First Trust Long/Short Equity ETF by 12.1% in the second quarter. CENTRAL TRUST Co now owns 414,753 shares of the company’s stock valued at $27,490,000 after buying an additional 44,609 shares in the last quarter. Farther Finance Advisors LLC lifted its position in First Trust Long/Short Equity ETF by 456.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock worth $31,000 after acquiring an additional 383 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in First Trust Long/Short Equity ETF in the 2nd quarter worth approximately $1,870,000. Twelve Points Wealth Management LLC grew its position in First Trust Long/Short Equity ETF by 6.5% in the second quarter. Twelve Points Wealth Management LLC now owns 11,988 shares of the company’s stock valued at $795,000 after acquiring an additional 736 shares in the last quarter. Finally, OLD National Bancorp IN grew its position in First Trust Long/Short Equity ETF by 6.1% in the second quarter. OLD National Bancorp IN now owns 38,141 shares of the company’s stock valued at $2,528,000 after acquiring an additional 2,187 shares in the last quarter.
First Trust Long/Short Equity ETF Trading Up 0.5%
NYSEARCA FTLS opened at $70.50 on Friday. The company’s fifty day simple moving average is $70.63 and its 200-day simple moving average is $68.38. First Trust Long/Short Equity ETF has a 52 week low of $58.90 and a 52 week high of $72.01. The stock has a market cap of $2.06 billion, a P/E ratio of 21.59 and a beta of 0.48.
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.
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