Insigneo Advisory Services LLC Makes New Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Insigneo Advisory Services LLC purchased a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,338 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTLS. Steward Partners Investment Advisory LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 6.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,890 shares of the company’s stock worth $781,000 after acquiring an additional 801 shares during the period. Belpointe Asset Management LLC grew its holdings in First Trust Long/Short Equity ETF by 93.5% during the 4th quarter. Belpointe Asset Management LLC now owns 30,487 shares of the company’s stock valued at $1,715,000 after buying an additional 14,728 shares in the last quarter. Traction Financial Partners LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at approximately $213,000. ICA Group Wealth Management LLC purchased a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter worth $197,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 14.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 24,141 shares of the company’s stock worth $1,358,000 after acquiring an additional 2,960 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA FTLS opened at $63.09 on Friday. The company has a market cap of $1.25 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 52-week low of $52.15 and a 52-week high of $63.87. The firm’s fifty day moving average is $62.63 and its two-hundred day moving average is $61.88.

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.