First Trust Long/Short Equity ETF $FTLS Stock Holdings Lessened by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. lessened its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 13.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 about 3.0% of Stegent Equity Advisors Inc.’s holdings, making the stock its 7th biggest position. Stegent Equity Advisors Inc. owned approximately 0.18% of First Trust Long/Short Equity ETF worth $3,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTLS. Fifth Third Securities Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 2.3% in the third quarter. Fifth Third Securities Inc. now owns 7,802 shares of the company’s stock valued at $546,000 after purchasing an additional 177 shares during the period. Cyndeo Wealth Partners LLC grew its position in First Trust Long/Short Equity ETF by 2.3% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 12,964 shares of the company’s stock valued at $859,000 after buying an additional 296 shares during the last quarter. Private Trust Co. NA grew its position in First Trust Long/Short Equity ETF by 10.2% in the 2nd quarter. Private Trust Co. NA now owns 3,581 shares of the company’s stock valued at $237,000 after buying an additional 331 shares during the last quarter. StoneX Group Inc. increased its stake in First Trust Long/Short Equity ETF by 3.0% in the 2nd quarter. StoneX Group Inc. now owns 11,896 shares of the company’s stock valued at $788,000 after buying an additional 343 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in First Trust Long/Short Equity ETF by 456.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after buying an additional 383 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $71.39 on Friday. The stock has a market capitalization of $2.18 billion, a PE ratio of 21.59 and a beta of 0.48. The company has a fifty day moving average of $71.16 and a 200-day moving average of $69.25. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $72.20.

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.