Amara Financial LLC. Takes $343,000 Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Amara Financial LLC. purchased a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,398 shares of the company’s stock, valued at approximately $343,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTLS. UMB Bank n.a. acquired a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter valued at $35,000. NBC Securities Inc. increased its stake in First Trust Long/Short Equity ETF by 184.2% in the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after purchasing an additional 523 shares during the period. GAMMA Investing LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the second quarter valued at about $84,000. Larson Financial Group LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 44.2% during the second quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock worth $160,000 after buying an additional 785 shares during the period. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the second quarter worth about $203,000.

First Trust Long/Short Equity ETF Stock Up 0.4 %

Shares of FTLS stock opened at $65.37 on Tuesday. The stock’s 50-day moving average price is $63.96 and its 200 day moving average price is $62.84. The stock has a market capitalization of $1.30 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 52-week low of $54.83 and a 52-week high of $66.12.

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.