Collaborative Fund Advisors LLC Purchases New Position in First Trust Long/Short Equity ETF $FTLS

Collaborative Fund Advisors LLC purchased a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 33,985 shares of the company’s stock, valued at approximately $2,606,000. First Trust Long/Short Equity ETF accounts for about 1.4% of Collaborative Fund Advisors LLC’s portfolio, making the stock its 11th largest holding.

Several other hedge funds have also recently bought and sold shares of the company. Independent Financial Group LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the first quarter valued at about $1,270,000. Cetera Investment Advisers increased its stake in shares of First Trust Long/Short Equity ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock valued at $41,085,000 after acquiring an additional 31,515 shares during the last quarter. Simplicity Wealth LLC raised its stake in First Trust Long/Short Equity ETF by 34.3% during the first quarter. Simplicity Wealth LLC now owns 42,693 shares of the company’s stock worth $3,004,000 after purchasing an additional 10,908 shares during the period. Fifth Third Bancorp acquired a new position in First Trust Long/Short Equity ETF in the first quarter valued at $7,296,000. Finally, Stillwater Private Wealth LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 1st quarter valued at about $1,836,000.

First Trust Long/Short Equity ETF Trading Up 0.2%

Shares of FTLS stock opened at $76.24 on Thursday. The company’s fifty day simple moving average is $76.89 and its 200-day simple moving average is $73.99. First Trust Long/Short Equity ETF has a 52 week low of $69.21 and a 52 week high of $78.11. The company has a market cap of $2.63 billion, a PE ratio of 21.59 and a beta of 0.49.

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.