First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 115.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,353 shares of the company’s stock after purchasing an additional 20,533 shares during the quarter. Citizens Financial Group Inc. RI owned about 0.29% of First Trust Long/Short Equity ETF worth $2,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FTLS. CWM LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the third quarter worth $115,000. Cardinal Point Capital Management ULC grew its position in First Trust Long/Short Equity ETF by 7.6% during the third quarter. Cardinal Point Capital Management ULC now owns 88,916 shares of the company’s stock valued at $4,726,000 after buying an additional 6,255 shares during the period. Golden State Equity Partners lifted its holdings in First Trust Long/Short Equity ETF by 4.8% during the third quarter. Golden State Equity Partners now owns 38,392 shares of the company’s stock valued at $2,041,000 after purchasing an additional 1,773 shares in the last quarter. Avestar Capital LLC purchased a new position in First Trust Long/Short Equity ETF during the third quarter valued at $2,019,000. Finally, Commonwealth Equity Services LLC lifted its holdings in First Trust Long/Short Equity ETF by 6.7% during the third quarter. Commonwealth Equity Services LLC now owns 85,457 shares of the company’s stock valued at $4,542,000 after purchasing an additional 5,350 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.8 %

FTLS traded up $0.45 during midday trading on Friday, hitting $60.17. 60,027 shares of the company traded hands, compared to its average volume of 129,913. The business has a 50 day simple moving average of $60.58 and a two-hundred day simple moving average of $57.62. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.96 and a beta of 0.59. First Trust Long/Short Equity ETF has a 52-week low of $50.79 and a 52-week high of $61.85.

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.