Twelve Points Wealth Management LLC Makes New Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Twelve Points Wealth Management LLC bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the fourth quarter, HoldingsChannel.com reports. The firm bought 9,200 shares of the company’s stock, valued at approximately $605,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after acquiring an additional 413,979 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter valued at $21,644,000. International Assets Investment Management LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 4,639.2% during the 3rd quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock worth $197,200,000 after buying an additional 304,146 shares in the last quarter. LPL Financial LLC lifted its position in shares of First Trust Long/Short Equity ETF by 9.7% during the 3rd quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock worth $108,718,000 after buying an additional 150,887 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in First Trust Long/Short Equity ETF in the third quarter valued at about $4,435,000.

First Trust Long/Short Equity ETF Stock Up 0.9 %

First Trust Long/Short Equity ETF stock opened at $67.61 on Wednesday. The stock has a market cap of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12-month low of $57.78 and a 12-month high of $68.64. The business’s 50-day moving average price is $66.65 and its two-hundred day moving average price is $64.52.

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.