HighTower Advisors LLC lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,830 shares of the company’s stock after selling 29,728 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $11,204,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in First Trust Long/Short Equity ETF by 1.5% during the third quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock worth $41,150,000 after purchasing an additional 8,523 shares during the period. Assetmark Inc. lifted its position in First Trust Long/Short Equity ETF by 728.0% during the fourth quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after purchasing an additional 446,569 shares during the period. Center For Asset Management LLC bought a new stake in First Trust Long/Short Equity ETF during the fourth quarter worth about $2,965,000. Seeds Investor LLC bought a new stake in First Trust Long/Short Equity ETF during the fourth quarter worth about $3,283,000. Finally, Kingsview Wealth Management LLC lifted its position in First Trust Long/Short Equity ETF by 35.4% during the third quarter. Kingsview Wealth Management LLC now owns 76,893 shares of the company’s stock worth $5,379,000 after purchasing an additional 20,123 shares during the period.
First Trust Long/Short Equity ETF Price Performance
FTLS opened at $74.65 on Tuesday. First Trust Long/Short Equity ETF has a twelve month low of $64.47 and a twelve month high of $74.79. The company has a 50-day simple moving average of $72.13 and a 200 day simple moving average of $71.50. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51.
First Trust Long/Short Equity ETF Company 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.
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