L.K. Benson & Company P.C. Makes New Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

L.K. Benson & Company P.C. purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,791 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds have also modified their holdings of FTLS. IMG Wealth Management Inc. acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter valued at approximately $3,887,000. Harbour Investments Inc. grew its holdings in shares of First Trust Long/Short Equity ETF by 10.7% in the 4th quarter. Harbour Investments Inc. now owns 46,684 shares of the company’s stock valued at $3,072,000 after buying an additional 4,523 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of First Trust Long/Short Equity ETF by 3.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 31,368 shares of the company’s stock valued at $2,064,000 after buying an additional 1,068 shares in the last quarter. Montis Financial LLC raised its stake in First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. Montis Financial LLC now owns 21,065 shares of the company’s stock worth $1,386,000 after buying an additional 4,379 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in First Trust Long/Short Equity ETF by 18.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 75,448 shares of the company’s stock worth $4,965,000 after acquiring an additional 11,619 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.5 %

NYSEARCA:FTLS opened at $64.06 on Wednesday. First Trust Long/Short Equity ETF has a 1 year low of $58.92 and a 1 year high of $69.94. The stock has a 50-day moving average price of $66.54 and a two-hundred day moving average price of $65.43. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 24.12 and a beta of 0.50.

About First Trust Long/Short Equity ETF

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.