23,430 Shares in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Purchased by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC bought a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 23,430 shares of the company’s stock, valued at approximately $1,541,000. LaSalle St. Investment Advisors LLC owned about 0.12% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Crux Wealth Advisors purchased a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter valued at approximately $411,000. Concorde Asset Management LLC purchased a new position in First Trust Long/Short Equity ETF during the 4th quarter valued at about $447,000. Raymond James Financial Inc. acquired a new position in First Trust Long/Short Equity ETF in the 4th quarter valued at about $16,769,000. Rathbones Group PLC increased its stake in First Trust Long/Short Equity ETF by 4.2% during the fourth quarter. Rathbones Group PLC now owns 7,149 shares of the company’s stock worth $470,000 after purchasing an additional 290 shares during the period. Finally, Wedbush Securities Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 3.5% during the fourth quarter. Wedbush Securities Inc. now owns 4,779 shares of the company’s stock worth $315,000 after purchasing an additional 163 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.6 %

Shares of FTLS opened at $62.16 on Monday. First Trust Long/Short Equity ETF has a fifty-two week low of $58.90 and a fifty-two week high of $69.94. The company has a market cap of $1.87 billion, a P/E ratio of 24.14 and a beta of 0.50. The firm’s 50 day moving average price is $64.85 and its 200 day moving average price is $65.45.

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.