Meadow Creek Wealth Advisors LLC Boosts Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Meadow Creek Wealth Advisors LLC lifted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 20.2% in the fourth quarter, HoldingsChannel reports. The firm owned 11,662 shares of the company’s stock after buying an additional 1,963 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $767,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of First Trust Long/Short Equity ETF in the 3rd quarter valued at approximately $2,329,000. JPMorgan Chase & Co. lifted its holdings in 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 valued at $26,909,000 after acquiring an additional 413,979 shares during the last quarter. GAMMA Investing LLC increased its stake in First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after acquiring an additional 353 shares during the last quarter. SMART Wealth LLC increased its stake in First Trust Long/Short Equity ETF by 10.0% during the third quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock worth $1,235,000 after acquiring an additional 1,775 shares during the last quarter. Finally, Prospera Financial Services Inc raised its position in First Trust Long/Short Equity ETF by 4.2% in the third quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock valued at $741,000 after purchasing an additional 474 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.3 %

NYSEARCA FTLS opened at $67.66 on Thursday. The stock has a fifty day simple moving average of $66.87 and a 200-day simple moving average of $64.71. The stock has a market cap of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a twelve month low of $58.35 and a twelve month 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.