Moors & Cabot Inc. Buys 839 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Moors & Cabot Inc. lifted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,053 shares of the company’s stock after acquiring an additional 839 shares during the quarter. Moors & Cabot Inc.’s holdings in First Trust Long/Short Equity ETF were worth $398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its stake in First Trust Long/Short Equity ETF by 4.2% in the 4th quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after purchasing an additional 191 shares during the period. Principal Securities Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 31.9% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after acquiring an additional 231 shares during the last quarter. GAMMA Investing LLC grew its stake in First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after acquiring an additional 353 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in First Trust Long/Short Equity ETF by 4.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock valued at $597,000 after acquiring an additional 422 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its stake in First Trust Long/Short Equity ETF by 4.2% in the 3rd quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock worth $741,000 after purchasing an additional 474 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Up 1.1 %

FTLS opened at $64.14 on Friday. The firm has a 50-day simple moving average of $66.64 and a two-hundred day simple moving average of $65.41. First Trust Long/Short Equity ETF has a 52 week low of $58.92 and a 52 week high of $69.94. The company has a market capitalization of $1.89 billion, a PE ratio of 24.12 and a beta of 0.50.

First Trust Long/Short Equity ETF Company 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.