Dynamic Advisor Solutions LLC Increases Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Dynamic Advisor Solutions LLC has boosted its investment in the First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 25.2% during the third quarter, according to the latest 13F filing submitted to the Securities and Exchange Commission. After acquiring an additional 2,592 shares, the firm now holds a total of 12,894 shares in the ETF, which represents 0.06% of its overall shares, valued at approximately $818,000.

In addition to Dynamic Advisor Solutions LLC, several other institutional investors and hedge funds have also adjusted their positions in FTLS. For instance, Cooper Financial Group increased its stake by 1.8% in the second quarter, bringing its total to 16,711 shares worth $1,046,000 after acquiring 298 more shares. Avantax Advisory Services Inc. also raised its holdings by 1.0% during the first quarter, resulting in ownership of 37,232 shares valued at $2,296,000 after purchasing an additional 378 shares. Moors & Cabot Inc. boosted its position in FTLS by 10.5% in the same quarter, now holding 4,986 shares worth $312,000 after buying 475 additional shares.

Furthermore, Envestnet Portfolio Solutions Inc. increased its holdings of First Trust Long/Short Equity ETF by 1.8% during the second quarter, owning 31,615 shares valued at $1,979,000 after acquiring 550 shares. TAP Consulting LLC also raised its stake by 2.2%, now owning 32,689 shares worth $2,046,000 after purchasing an additional 710 shares.

Market Performance of First Trust Long/Short Equity ETF

On Friday, shares of the First Trust Long/Short Equity ETF opened at $64.28. The ETF has a 50-day moving average of $62.87 and a 200-day moving average of $62.04. The market capitalization of the fund stands at approximately $1.28 billion, with a price-to-earnings ratio of 19.46 and a beta of 0.62. Over the last twelve months, the ETF has hit a low of $52.15 and a high of $64.28.

Overview of First Trust Long/Short Equity ETF

The First Trust Long/Short Equity ETF (FTLS) is an exchange-traded fund that primarily invests in long/short strategies. The fund typically maintains a mix of long positions (90-100%) and short positions (0-50%) in U.S.-listed equities, with exposure to both U.S. and international markets. Launched on September 9, 2014, the ETF is managed by First Trust.

Latest Trends and Insights

Investors and analysts are continually monitoring changes in institutional holdings of the First Trust Long/Short Equity ETF. These shifts can offer insights into market trends and investor sentiment. If you want to learn more about which hedge funds are engaged with FTLS, you can explore detailed 13F filings and insider trading information.

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ETF, Investment, Stake