Assetmark Inc. Acquires 28,909 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Assetmark Inc. increased its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 136.5% during the third quarter, HoldingsChannel reports. The fund owned 50,093 shares of the company’s stock after acquiring an additional 28,909 shares during the quarter. Assetmark Inc.’s holdings in First Trust Long/Short Equity ETF were worth $3,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. bought a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth about $35,000. NBC Securities Inc. increased its stake in First Trust Long/Short Equity ETF by 184.2% during the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after acquiring an additional 523 shares during the period. GAMMA Investing LLC acquired a new position in First Trust Long/Short Equity ETF in the 2nd quarter valued at approximately $84,000. Larson Financial Group LLC lifted its position in shares of First Trust Long/Short Equity ETF by 44.2% in the 2nd quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock worth $160,000 after acquiring an additional 785 shares during the period. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 2nd quarter worth approximately $203,000.

First Trust Long/Short Equity ETF Trading Down 0.1 %

FTLS opened at $65.50 on Wednesday. The stock’s 50 day simple moving average is $63.70 and its 200-day simple moving average is $62.68. The stock has a market cap of $1.30 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 1 year low of $54.48 and a 1 year high of $65.76.

First Trust Long/Short Equity ETF 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.