LPL Financial LLC Buys 150,887 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

LPL Financial LLC boosted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,712,896 shares of the company’s stock after purchasing an additional 150,887 shares during the quarter. LPL Financial LLC owned 0.09% of First Trust Long/Short Equity ETF worth $108,718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moors & Cabot Inc. lifted its stake in shares of First Trust Long/Short Equity ETF by 4.6% in the third quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock valued at $331,000 after buying an additional 228 shares during the period. Prospera Financial Services Inc lifted its position in shares of First Trust Long/Short Equity ETF by 4.2% in the 3rd quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock worth $741,000 after acquiring an additional 474 shares during the period. Amara Financial LLC. acquired a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $343,000. Signature Estate & Investment Advisors LLC increased its position in shares of First Trust Long/Short Equity ETF by 3.0% during the third quarter. Signature Estate & Investment Advisors LLC now owns 23,605 shares of the company’s stock valued at $1,498,000 after purchasing an additional 689 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 15.5% in the third quarter. Oppenheimer & Co. Inc. now owns 28,932 shares of the company’s stock valued at $1,836,000 after purchasing an additional 3,885 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $65.63 on Friday. First Trust Long/Short Equity ETF has a one year low of $54.92 and a one year high of $66.12. The stock has a market cap of $1.30 billion, a P/E ratio of 19.46 and a beta of 0.62. The stock has a fifty day moving average price of $64.17 and a 200 day moving average price of $62.91.

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.