TFB Advisors LLC Takes Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

TFB Advisors LLC bought a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,671 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also bought and sold shares of FTLS. UMB Bank n.a. bought a new stake in First Trust Long/Short Equity ETF in the third quarter valued at approximately $35,000. Concourse Financial Group Securities Inc. raised its stake in First Trust Long/Short Equity ETF by 217.3% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 7,694 shares of the company’s stock valued at $488,000 after acquiring an additional 5,269 shares during the period. NBC Securities Inc. lifted its holdings in First Trust Long/Short Equity ETF by 184.2% during the 3rd 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 last quarter. EdgeRock Capital LLC boosted its position in First Trust Long/Short Equity ETF by 8.3% during the third quarter. EdgeRock Capital LLC now owns 95,552 shares of the company’s stock worth $6,065,000 after purchasing an additional 7,285 shares during the period. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 10.7% in the third quarter. Stratos Wealth Advisors LLC now owns 25,242 shares of the company’s stock valued at $1,602,000 after purchasing an additional 2,438 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $67.43 on Thursday. The stock has a market cap of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62. The firm has a 50-day moving average of $66.98 and a 200-day moving average of $64.89. First Trust Long/Short Equity ETF has a 52-week low of $58.35 and a 52-week high of $69.94.

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.