Wilmington Savings Fund Society FSB Makes New Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,184 shares of the company’s stock, valued at approximately $75,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates boosted its holdings in First Trust Long/Short Equity ETF by 4.8% in the 2nd quarter. Raymond James & Associates now owns 23,864 shares of the company’s stock worth $1,494,000 after buying an additional 1,090 shares during the last quarter. Raymond James Trust N.A. raised its stake in First Trust Long/Short Equity ETF by 27.3% in the 2nd quarter. Raymond James Trust N.A. now owns 19,988 shares of the company’s stock valued at $1,251,000 after purchasing an additional 4,283 shares during the last quarter. First Heartland Consultants Inc. purchased a new position in First Trust Long/Short Equity ETF in the 2nd quarter valued at $464,000. Patten Group Inc. boosted its stake in First Trust Long/Short Equity ETF by 24.4% during the 2nd quarter. Patten Group Inc. now owns 29,999 shares of the company’s stock worth $1,878,000 after purchasing an additional 5,892 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the second quarter worth $1,434,000.

First Trust Long/Short Equity ETF Trading Up 0.4 %

NYSEARCA:FTLS opened at $66.16 on Friday. The company’s 50-day moving average price is $65.54 and its 200-day moving average price is $63.71. First Trust Long/Short Equity ETF has a twelve month low of $55.82 and a twelve month high of $67.69. The company has a market cap of $1.31 billion, a P/E ratio of 19.46 and a beta of 0.62.

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.