Stegent Equity Advisors Inc. Has $2.56 Million Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Stegent Equity Advisors Inc. increased its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 311.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,443 shares of the company’s stock after acquiring an additional 34,411 shares during the quarter. First Trust Long/Short Equity ETF comprises about 3.0% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 10th largest holding. Stegent Equity Advisors Inc.’s holdings in First Trust Long/Short Equity ETF were worth $2,557,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of First Trust Long/Short Equity ETF during the third quarter worth $72,000. Larson Financial Group LLC bought a new position in shares of First Trust Long/Short Equity ETF during the fourth quarter worth $100,000. Allworth Financial LP bought a new position in shares of First Trust Long/Short Equity ETF during the fourth quarter worth $114,000. CWM LLC bought a new position in shares of First Trust Long/Short Equity ETF during the third quarter worth $115,000. Finally, Fermata Advisors LLC bought a new position in First Trust Long/Short Equity ETF during the third quarter valued at $200,000.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS traded down $0.69 during midday trading on Tuesday, hitting $59.48. The stock had a trading volume of 215,140 shares, compared to its average volume of 130,266. First Trust Long/Short Equity ETF has a 1 year low of $50.79 and a 1 year high of $61.85. The firm has a market cap of $1.11 billion, a PE ratio of 18.96 and a beta of 0.59. The stock’s 50 day moving average is $60.61 and its 200 day moving average is $57.72.

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.