OLD National Bancorp IN Raises Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

OLD National Bancorp IN boosted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.2% during the fourth quarter, HoldingsChannel reports. The fund owned 35,896 shares of the company’s stock after buying an additional 2,090 shares during the quarter. OLD National Bancorp IN’s holdings in First Trust Long/Short Equity ETF were worth $2,362,000 as of its most recent filing with the SEC.

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

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $67.59 on Friday. The stock has a 50-day moving average of $66.73 and a 200 day moving average of $64.56. The company 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 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.