Runnymede Capital Advisors Inc. Buys New Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Runnymede Capital Advisors Inc. purchased a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,395 shares of the company’s stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Viawealth LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 13.6% during the 4th quarter. Viawealth LLC now owns 69,709 shares of the company’s stock worth $4,588,000 after acquiring an additional 8,362 shares in the last quarter. TAP Consulting LLC increased its position in First Trust Long/Short Equity ETF by 5.2% in the fourth quarter. TAP Consulting LLC now owns 35,389 shares of the company’s stock worth $2,329,000 after purchasing an additional 1,762 shares during the last quarter. L.K. Benson & Company P.C. purchased a new stake in First Trust Long/Short Equity ETF during the fourth quarter valued at $249,000. IMG Wealth Management Inc. bought a new position in First Trust Long/Short Equity ETF during the fourth quarter valued at $3,887,000. Finally, Harbour Investments Inc. grew its stake in shares of First Trust Long/Short Equity ETF by 10.7% in the 4th quarter. Harbour Investments Inc. now owns 46,684 shares of the company’s stock worth $3,072,000 after buying an additional 4,523 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.1 %

First Trust Long/Short Equity ETF stock opened at $64.19 on Friday. The company’s 50-day moving average price is $66.40 and its 200-day moving average price is $65.42. The company has a market cap of $1.91 billion, a PE ratio of 24.26 and a beta of 0.50. First Trust Long/Short Equity ETF has a twelve month low of $58.92 and a twelve month 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.