First Trust Long/Short Equity ETF $FTLS Shares Sold by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. decreased its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 13.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 52,715 shares of the company’s stock after selling 8,378 shares during the period. First Trust Long/Short Equity ETF accounts for approximately 3.0% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 7th largest holding. Stegent Equity Advisors Inc.’s holdings in First Trust Long/Short Equity ETF were worth $3,687,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FTLS. Creekmur Asset Management LLC purchased a new stake in First Trust Long/Short Equity ETF in the 2nd quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its holdings in shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares during the last quarter. Farther Finance Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 456.0% in the second quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after purchasing an additional 383 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in First Trust Long/Short Equity ETF during the third quarter worth about $79,000. Finally, Sage Mountain Advisors LLC purchased a new position in First Trust Long/Short Equity ETF during the second quarter worth about $201,000.

First Trust Long/Short Equity ETF Price Performance

FTLS opened at $71.39 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $72.20. The business has a 50-day moving average of $71.16 and a two-hundred day moving average of $69.25. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48.

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.