Mount Yale Investment Advisors LLC Invests $388,000 in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Mount Yale Investment Advisors LLC purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,892 shares of the company’s stock, valued at approximately $388,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTLS. JPMorgan Chase & Co. boosted its stake in shares of First Trust Long/Short Equity ETF by 4,148.1% in 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 period. World Investment Advisors LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth $21,644,000. International Assets Investment Management LLC increased its position in shares of First Trust Long/Short Equity ETF by 4,639.2% in the third quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock worth $197,200,000 after purchasing an additional 304,146 shares during the period. LPL Financial LLC raised its stake 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 valued at $108,718,000 after purchasing an additional 150,887 shares in the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in First Trust Long/Short Equity ETF during the third quarter worth about $4,435,000.

First Trust Long/Short Equity ETF Stock Up 0.9 %

FTLS stock opened at $67.61 on Wednesday. The company’s 50-day moving average price is $66.65 and its two-hundred day moving average price is $64.52. The firm has a market cap of $1.34 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12 month low of $57.78 and a 12 month high of $68.64.

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.