Signal Advisors Wealth LLC Acquires 2,986 Shares of First Trust Long/Short Equity ETF $FTLS

Signal Advisors Wealth LLC grew its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 22.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,407 shares of the company’s stock after buying an additional 2,986 shares during the period. Signal Advisors Wealth LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,087,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rossby Financial LCC bought a new position in First Trust Long/Short Equity ETF in the 1st quarter worth about $30,000. Jones Financial Companies Lllp boosted its stake in First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares in the last quarter. Lord & Richards Wealth Management LLC bought a new position in First Trust Long/Short Equity ETF in the 1st quarter worth about $31,000. CX Institutional bought a new position in First Trust Long/Short Equity ETF in the 1st quarter worth about $41,000. Finally, NBC Securities Inc. bought a new position in First Trust Long/Short Equity ETF in the 1st quarter worth about $51,000.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $69.13 on Friday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51. The firm’s 50-day moving average is $67.26 and its 200 day moving average is $65.34. First Trust Long/Short Equity ETF has a 1 year low of $58.90 and a 1 year high of $69.94.

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.