Amara Financial LLC. Makes New Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Amara Financial LLC. purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,398 shares of the company’s stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in First Trust Long/Short Equity ETF by 11.8% during the second quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock worth $19,798,000 after purchasing an additional 33,263 shares during the period. Larson Financial Group LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 44.2% during the 2nd quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock worth $160,000 after buying an additional 785 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the 2nd quarter valued at approximately $718,000. OLD National Bancorp IN lifted its holdings in First Trust Long/Short Equity ETF by 24.7% in the third quarter. OLD National Bancorp IN now owns 33,806 shares of the company’s stock valued at $2,146,000 after acquiring an additional 6,704 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in First Trust Long/Short Equity ETF by 390.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 60,624 shares of the company’s stock worth $3,794,000 after acquiring an additional 48,264 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.4 %

FTLS stock opened at $65.37 on Tuesday. First Trust Long/Short Equity ETF has a 52-week low of $54.83 and a 52-week high of $66.12. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The business has a fifty day moving average of $63.96 and a two-hundred day moving average of $62.84.

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.