First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Stock Position Increased by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. grew its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 31.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,953 shares of the company’s stock after buying an additional 16,125 shares during the quarter. First Trust Long/Short Equity ETF accounts for approximately 4.5% of Stegent Equity Advisors Inc.’s holdings, making the stock its 2nd biggest holding. Stegent Equity Advisors Inc.’s holdings in First Trust Long/Short Equity ETF were worth $4,406,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. DAVENPORT & Co LLC raised its position in shares of First Trust Long/Short Equity ETF by 4.2% during the 4th quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock valued at $314,000 after buying an additional 191 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of First Trust Long/Short Equity ETF by 4.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock valued at $331,000 after buying an additional 228 shares in the last quarter. Principal Securities Inc. raised its position in shares of First Trust Long/Short Equity ETF by 31.9% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after buying an additional 231 shares in the last quarter. GAMMA Investing LLC raised its position in shares of First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after buying an additional 353 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of First Trust Long/Short Equity ETF by 4.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 9,076 shares of the company’s stock valued at $597,000 after buying an additional 422 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $66.32 on Thursday. First Trust Long/Short Equity ETF has a 1-year low of $58.92 and a 1-year high of $69.94. The firm has a market capitalization of $1.32 billion, a P/E ratio of 19.46 and a beta of 0.62. The company’s 50-day moving average is $67.03 and its 200 day moving average is $65.27.

First Trust Long/Short Equity ETF Company 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.