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

HighTower Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,004 shares of the company’s stock after purchasing an additional 1,558 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $13,425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. LPL Financial LLC grew its holdings 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 worth $108,718,000 after purchasing an additional 150,887 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of 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 valued at $26,909,000 after buying an additional 413,979 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at approximately $21,644,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at approximately $16,769,000. Finally, World Equity Group Inc. grew its holdings in shares of First Trust Long/Short Equity ETF by 51.3% during the fourth quarter. World Equity Group Inc. now owns 216,628 shares of the company’s stock valued at $14,256,000 after buying an additional 73,426 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 1.1 %

NYSEARCA:FTLS opened at $64.14 on Monday. The company’s 50 day moving average price is $66.64 and its 200-day moving average price is $65.42. First Trust Long/Short Equity ETF has a 52 week low of $58.92 and a 52 week high of $69.94. The stock has a market cap of $1.89 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.