First Trust Long/Short Equity ETF $FTLS Stock Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 210.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,122 shares of the company’s stock after buying an additional 12,969 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of First Trust Long/Short Equity ETF worth $1,345,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Morgan Stanley raised its stake in First Trust Long/Short Equity ETF by 1.5% during the fourth quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock worth $372,876,000 after acquiring an additional 78,397 shares during the period. Royal Bank of Canada boosted its stake in First Trust Long/Short Equity ETF by 3.2% in the fourth quarter. Royal Bank of Canada now owns 2,549,077 shares of the company’s stock valued at $180,959,000 after acquiring an additional 78,470 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of First Trust Long/Short Equity ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock valued at $160,161,000 after purchasing an additional 231,155 shares during the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock valued at $170,200,000 after purchasing an additional 149,648 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of First Trust Long/Short Equity ETF by 45.2% during the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock valued at $44,633,000 after purchasing an additional 209,579 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Up 1.2%

Shares of First Trust Long/Short Equity ETF stock opened at $75.22 on Friday. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a twelve month low of $65.84 and a twelve month high of $77.52. The business’s 50 day simple moving average is $74.37 and its 200-day simple moving average is $72.59.

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.