CENTRAL TRUST Co Increases Stock Position in First Trust Long/Short Equity ETF $FTLS

CENTRAL TRUST Co grew its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,753 shares of the company’s stock after purchasing an additional 44,609 shares during the quarter. CENTRAL TRUST Co’s holdings in First Trust Long/Short Equity ETF were worth $27,490,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTLS. LPL Financial LLC raised its position in shares of First Trust Long/Short Equity ETF by 18.5% during the 1st quarter. LPL Financial LLC now owns 2,260,242 shares of the company’s stock worth $144,836,000 after purchasing an additional 352,687 shares during the last quarter. Ameriprise Financial Inc. increased its position in First Trust Long/Short Equity ETF by 31.5% during the first quarter. Ameriprise Financial Inc. now owns 2,186,306 shares of the company’s stock worth $140,116,000 after buying an additional 523,615 shares in the last quarter. Royal Bank of Canada increased its position in First Trust Long/Short Equity ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock worth $126,261,000 after buying an additional 196,268 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Long/Short Equity ETF by 8.4% in the first quarter. Cetera Investment Advisers now owns 586,842 shares of the company’s stock worth $37,605,000 after acquiring an additional 45,451 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 579,756 shares of the company’s stock valued at $38,426,000 after acquiring an additional 45,680 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 1.0%

First Trust Long/Short Equity ETF stock opened at $71.66 on Tuesday. The stock has a 50-day moving average price of $69.59 and a 200 day moving average price of $67.16. First Trust Long/Short Equity ETF has a 52 week low of $58.90 and a 52 week high of $71.91. The stock has a market cap of $2.09 billion, a PE ratio of 21.59 and a beta of 0.48.

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.