LPL Financial LLC Boosts Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

LPL Financial LLC lifted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,907,555 shares of the company’s stock after purchasing an additional 194,659 shares during the period. LPL Financial LLC owned about 9.61% of First Trust Long/Short Equity ETF worth $125,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth about $34,000. Comprehensive Financial Planning Inc. PA purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth approximately $36,000. Blue Trust Inc. acquired a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $52,000. US Bancorp DE purchased a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $62,000. Finally, Principal Securities Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 31.9% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after buying an additional 231 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $64.63 on Tuesday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 24.26 and a beta of 0.50. The company’s fifty day moving average price is $66.37 and its 200 day moving average price is $65.47. First Trust Long/Short Equity ETF has a 1 year low of $58.92 and a 1 year high of $69.94.

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.