First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Hits New 12-Month High – Here’s What Happened

First Trust Long/Short Equity ETF (NYSEARCA:FTLS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.11 and last traded at $74.88, with a volume of 21395 shares changing hands. The stock had previously closed at $74.50.

First Trust Long/Short Equity ETF Price Performance

The business’s 50 day moving average price is $73.81 and its 200 day moving average price is $71.98. The firm has a market cap of $2.30 billion, a PE ratio of 21.59 and a beta of 0.50.

Institutional Investors Weigh In On First Trust Long/Short Equity ETF

Several large investors have recently bought and sold shares of FTLS. Assetmark Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 728.0% in the fourth quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after purchasing an additional 446,569 shares during the last quarter. Center For Asset Management LLC acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $2,965,000. Seeds Investor LLC acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $3,283,000. Triad Wealth Partners LLC purchased a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at $527,000. Finally, Kingsview Wealth Management LLC grew its holdings in First Trust Long/Short Equity ETF by 35.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 76,893 shares of the company’s stock valued at $5,379,000 after buying an additional 20,123 shares in the last quarter.

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.