73,173 Shares in First Trust Long/Short Equity ETF $FTLS Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. acquired a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 73,173 shares of the company’s stock, valued at approximately $5,195,000. Kovack Advisors Inc. owned approximately 0.24% of First Trust Long/Short Equity ETF as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hilltop Holdings Inc. boosted its holdings in First Trust Long/Short Equity ETF by 2.6% in the third quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock valued at $549,000 after purchasing an additional 196 shares during the last quarter. Rossby Financial LCC boosted its holdings in First Trust Long/Short Equity ETF by 48.1% in the third quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after purchasing an additional 225 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in First Trust Long/Short Equity ETF by 10.2% in the fourth quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock valued at $182,000 after purchasing an additional 236 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in First Trust Long/Short Equity ETF by 2.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 13,303 shares of the company’s stock valued at $944,000 after purchasing an additional 259 shares during the last quarter. Finally, Revisor Wealth Management LLC boosted its holdings in First Trust Long/Short Equity ETF by 2.8% in the fourth quarter. Revisor Wealth Management LLC now owns 9,686 shares of the company’s stock valued at $690,000 after purchasing an additional 265 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA:FTLS opened at $73.71 on Friday. First Trust Long/Short Equity ETF has a one year low of $64.63 and a one year high of $75.06. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. The firm’s fifty day moving average is $73.28 and its two-hundred day moving average is $71.80.

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.