73,173 Shares in First Trust Long/Short Equity ETF $FTLS Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. purchased a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 73,173 shares of the company’s stock, valued at approximately $5,195,000.

Several other hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of First Trust Long/Short Equity ETF by 10.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after purchasing an additional 231,155 shares during the last quarter. LPL Financial LLC raised its position in shares of First Trust Long/Short Equity ETF by 6.7% during the 4th quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock worth $170,200,000 after purchasing an additional 149,648 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after purchasing an additional 209,579 shares during the last quarter. Assetmark Inc. raised its position in shares of First Trust Long/Short Equity ETF by 728.0% during the 4th 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 last quarter. Finally, Truist Financial Corp raised its position in shares of First Trust Long/Short Equity ETF by 10.5% during the 4th quarter. Truist Financial Corp now owns 473,347 shares of the company’s stock worth $33,603,000 after purchasing an additional 45,071 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 1.0%

FTLS opened at $73.71 on Friday. First Trust Long/Short Equity ETF has a twelve month low of $64.63 and a twelve month high of $75.06. The company has a 50-day moving average price of $73.28 and a 200 day moving average price of $71.80. The company has a market cap of $2.28 billion, a PE ratio of 21.59 and a beta of 0.50.

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.