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

Dynamic Advisor Solutions LLC has significantly increased its investment in the First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 25.2% during the third quarter, as noted in their recent 13F filing with the Securities and Exchange Commission. After acquiring an additional 2,592 shares, the firm now holds a total of 12,894 shares of the ETF, which is valued at approximately $818,000 based on the latest filing. This accounts for about 0.06% of the ETF's total shares.

In addition to Dynamic Advisor Solutions LLC, several other institutional investors and hedge funds have also adjusted their holdings in the First Trust Long/Short Equity ETF. For instance, Cooper Financial Group increased its position by 1.8% during the second quarter, bringing its total to 16,711 shares valued at $1,046,000 after purchasing an extra 298 shares. Avantax Advisory Services Inc. also raised its stake by 1.0% in the first quarter, owning 37,232 shares worth $2,296,000 after adding 378 shares during that period.

Moreover, Moors & Cabot Inc. expanded its investments in the ETF by 10.5% in the second quarter, now holding 4,986 shares valued at $312,000 after acquiring 475 additional shares. Envestnet Portfolio Solutions Inc. and TAP Consulting LLC have similarly increased their positions in the ETF during the second quarter, with Envestnet now owning 31,615 shares worth $1,979,000 and TAP Consulting holding 32,689 shares valued at $2,046,000 after buying 710 further shares.

Current Trading Insights

The First Trust Long/Short Equity ETF is currently priced at $64.28, reflecting a 1.0% increase in trading. The fund has a 50-day moving average of $62.87 and a 200-day moving average of $62.04. The ETF boasts a market capitalization of $1.28 billion and features a price-to-earnings ratio of 19.46, with a beta of 0.62. Over the past year, the ETF has experienced a low of $52.15 and a peak 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. This fund takes both long and short positions in US-listed equities, providing exposure to both domestic and foreign markets. Typically, the actively managed fund will maintain between 90-100% in long positions and 0-50% in short positions. Established on September 9, 2014, FTLS is managed by First Trust.

Conclusion

The recent investment activity by Dynamic Advisor Solutions LLC, along with other institutional players, indicates a growing interest in the First Trust Long/Short Equity ETF. Investors should keep an eye on the shifting dynamics within the ETF as more institutions reassess their positions.

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