7,157 Shares in First Trust Long/Short Equity ETF $FTLS Acquired by Hyundai Investments Co. Ltd.

Hyundai Investments Co. Ltd. bought a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,157 shares of the company’s stock, valued at approximately $512,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new stake in First Trust Long/Short Equity ETF in the third quarter valued at approximately $28,000. Tidemark LLC acquired a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $29,000. Jones Financial Companies Lllp boosted its position in First Trust Long/Short Equity ETF by 1,462.5% in the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares in the last quarter. Rossby Financial LCC boosted its position in First Trust Long/Short Equity ETF by 48.1% in the third quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after buying an additional 225 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in First Trust Long/Short Equity ETF by 801.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock valued at $104,000 after buying an additional 1,307 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $74.73 on Tuesday. First Trust Long/Short Equity ETF has a fifty-two week low of $64.63 and a fifty-two week high of $75.06. The firm has a market capitalization of $2.31 billion, a P/E ratio of 21.59 and a beta of 0.50. The company’s 50 day moving average price is $73.43 and its two-hundred day moving average price is $71.85.

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.