Janney Montgomery Scott LLC Boosts Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Janney Montgomery Scott LLC boosted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 85.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 88,371 shares of the company’s stock after purchasing an additional 40,782 shares during the quarter. Janney Montgomery Scott LLC’s holdings in First Trust Long/Short Equity ETF were worth $5,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $2,329,000. JPMorgan Chase & Co. increased its holdings in shares of First Trust Long/Short Equity ETF by 4,148.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after buying an additional 413,979 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 26.2% in the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after buying an additional 353 shares during the last quarter. SMART Wealth LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 10.0% in the 3rd quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock worth $1,235,000 after buying an additional 1,775 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust Long/Short Equity ETF by 11.8% in the 2nd quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock worth $19,798,000 after buying an additional 33,263 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA:FTLS opened at $67.30 on Thursday. The company’s fifty day moving average price is $66.69 and its 200-day moving average price is $64.54. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a one year low of $57.78 and a one year high of $68.64.

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.