CENTRAL TRUST Co Purchases 45,426 Shares of First Trust Long/Short Equity ETF $FTLS

CENTRAL TRUST Co increased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.7% in the 1st quarter, Holdings Channel reports. The firm owned 468,069 shares of the company’s stock after buying an additional 45,426 shares during the quarter. CENTRAL TRUST Co’s holdings in First Trust Long/Short Equity ETF were worth $32,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTLS. Assetmark Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 728.0% in the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after buying an additional 446,569 shares in the last quarter. Center For Asset Management LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at about $2,965,000. Seeds Investor LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at about $3,283,000. Triad Wealth Partners LLC bought a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at about $527,000. Finally, Tcfg Wealth Management LLC bought a new stake in First Trust Long/Short Equity ETF in the third quarter valued at about $7,618,000.

First Trust Long/Short Equity ETF Stock Down 0.8%

NYSEARCA:FTLS opened at $74.26 on Wednesday. The firm has a market capitalization of $2.30 billion, a PE ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 12-month low of $65.17 and a 12-month high of $75.11. The firm has a 50-day moving average price of $73.81 and a 200 day moving average price of $71.98.

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.