Dynamic Advisor Solutions LLC Increases Stake in First Trust Long/Short Equity ETF

In the third quarter of 2024, Dynamic Advisor Solutions LLC has increased its investment in the First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 25.2%. According to the latest 13F filing submitted to the Securities and Exchange Commission, the firm now holds a total of 12,894 shares of the ETF after purchasing an additional 2,592 shares during this period. As of the latest filing, Dynamic Advisor Solutions LLC’s shares represent approximately 0.06% of the First Trust Long/Short Equity ETF, valued at around $818,000.

Other institutional investors and hedge funds have also made adjustments to their holdings in the First Trust Long/Short Equity ETF. For example, in the second quarter, Cooper Financial Group increased its stake by 1.8%, bringing its total to 16,711 shares worth $1,046,000 after acquiring an additional 298 shares. Similarly, Avantax Advisory Services Inc. raised its holdings by 1.0% during the first quarter, amassing a total of 37,232 shares valued at $2,296,000, following the purchase of 378 additional shares.

Moors & Cabot Inc. also enhanced its commitment by 10.5% in the second quarter, now owning 4,986 shares worth $312,000 after acquiring 475 shares. Envestnet Portfolio Solutions Inc. raised its position by 1.8% in the same quarter, resulting in ownership of 31,615 shares valued at $1,979,000 after an additional acquisition of 550 shares. Lastly, TAP Consulting LLC increased its stake by 2.2%, taking its total to 32,689 shares with a value of $2,046,000 after buying 710 additional shares during the latter part of the quarter.

Current Trading Details of FTLS

The First Trust Long/Short Equity ETF opened at $64.28 on the last trading day. The ETF features a 50-day moving average of $62.87 and a 200-day moving average of $62.04, reflecting its performance over recent months. With a market capitalization of $1.28 billion, the ETF has a price-to-earnings ratio of 19.46 and a beta of 0.62, indicating lower volatility compared to the broader market. Over the past twelve months, the ETF has seen a low of $52.15 and a peak of $64.28.

Overview of the First Trust Long/Short Equity ETF

The First Trust Long/Short Equity ETF (FTLS) is an exchange-traded fund focused on long/short investment strategies. It primarily engages in both long and short positions in equities listed in the U.S., alongside some exposure to foreign investments. The actively managed fund typically maintains 90-100% of its portfolio in long positions while holding 0-50% in short positions. FTLS was launched on September 9, 2014, and is managed by First Trust.

ETF, Investment, Stake