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

Dynamic Advisor Solutions LLC has raised its investment in the First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 25.2% during the third quarter, as indicated by their latest 13F filing with the Securities and Exchange Commission (SEC). Following this increase, the firm now holds a total of 12,894 shares, having acquired an additional 2,592 shares in the recent quarter. As of their most recent filing, Dynamic Advisor Solutions LLC's stake represents approximately 0.06% of the total shares of the ETF, valuing their investment at about $818,000.

Other institutional investors and hedge funds have also made adjustments to their holdings in FTLS. For instance, Cooper Financial Group increased its position in the ETF by 1.8% during the second quarter, bringing their share count to 16,711, which is worth around $1,046,000 after adding 298 shares. Similarly, Avantax Advisory Services Inc. raised its stake by 1.0% during the first quarter, now owning 37,232 shares valued at approximately $2,296,000, after purchasing 378 additional shares.

Moors & Cabot Inc. also boosted its investment in FTLS by 10.5% in the second quarter, resulting in a total of 4,986 shares worth around $312,000. In addition, Envestnet Portfolio Solutions Inc. increased its holdings by 1.8% in the same quarter, now owning 31,615 shares valued at about $1,979,000 after acquiring an extra 550 shares. TAP Consulting LLC raised its position by 2.2% during the second quarter, owning a total of 32,689 shares worth $2,046,000 after buying an additional 710 shares.

Performance of FTLS ETF

As of Friday, the First Trust Long/Short Equity ETF traded at $64.28, reflecting a 1.0% increase. The ETF has a market capitalization of approximately $1.28 billion, with a price-to-earnings ratio of 19.46. The fund's 50-day moving average stands at $62.87, while the 200-day moving average is $62.04. Over the last year, the ETF has experienced a low of $52.15 and a high of $64.28.

About First Trust Long/Short Equity ETF

The First Trust Long/Short Equity ETF (FTLS) is a type of exchange-traded fund that primarily focuses on long and short equity strategies. This fund engages in both long and short positions in equities that are listed in the U.S., alongside providing exposure to foreign markets. Typically, the actively managed fund consists of 90-100% long positions and 0-50% short positions. The ETF was launched on September 9, 2014, and is managed by First Trust.

Further Insights

Investors interested in market updates and changes in hedge fund positions can explore platforms that provide insights into the latest 13F filings. Staying informed about major movements in ETF holdings is crucial for understanding market dynamics and investment strategies.

ETF, Investments, Stake