TAP Consulting LLC Purchases 1,762 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

TAP Consulting LLC boosted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,389 shares of the company’s stock after acquiring an additional 1,762 shares during the period. TAP Consulting LLC owned about 0.18% of First Trust Long/Short Equity ETF worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in FTLS. DAVENPORT & Co LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 4.2% during the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock valued at $314,000 after purchasing an additional 191 shares in the last quarter. Moors & Cabot Inc. boosted its position in First Trust Long/Short Equity ETF by 4.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock valued at $331,000 after acquiring an additional 228 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 31.9% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after acquiring an additional 231 shares during the period. GAMMA Investing LLC raised its position 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 acquiring an additional 353 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of First Trust Long/Short Equity ETF by 4.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock worth $597,000 after purchasing an additional 422 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $64.15 on Thursday. The company has a market cap of $1.89 billion, a P/E ratio of 24.12 and a beta of 0.50. The stock’s 50-day moving average is $66.49 and its 200 day moving average is $65.42. First Trust Long/Short Equity ETF has a 1-year low of $58.92 and a 1-year high of $69.94.

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.