Montis Financial LLC Increases Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Montis Financial LLC increased its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLSFree Report) by 26.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,065 shares of the company’s stock after buying an additional 4,379 shares during the quarter. Montis Financial LLC owned about 0.11% of First Trust Long/Short Equity ETF worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FTLS. JPMorgan Chase & Co. lifted its position in First Trust Long/Short Equity ETF by 4,148.1% during the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after buying an additional 413,979 shares in the last quarter. World Investment Advisors LLC purchased a new stake in First Trust Long/Short Equity ETF in the third quarter valued at $21,644,000. Raymond James Financial Inc. purchased a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at $16,769,000. Ethos Financial Group LLC raised its position in First Trust Long/Short Equity ETF by 4,297.8% in the fourth quarter. Ethos Financial Group LLC now owns 156,299 shares of the company’s stock valued at $10,286,000 after purchasing an additional 152,745 shares during the period. Finally, LPL Financial LLC raised its position in First Trust Long/Short Equity ETF by 9.7% in the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after purchasing an additional 150,887 shares during the period.

First Trust Long/Short Equity ETF Stock Up 1.1 %

NYSEARCA:FTLS opened at $64.14 on Friday. First Trust Long/Short Equity ETF has a 52 week low of $58.92 and a 52 week high of $69.94. The company has a market capitalization of $1.89 billion, a P/E ratio of 24.12 and a beta of 0.50. The stock’s fifty day moving average is $66.69 and its two-hundred day moving average is $65.39.

About First Trust Long/Short Equity ETF

(Free Report)

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.

See Also

Institutional Ownership by Quarter for First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

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