Steward Partners Investment Advisory LLC Acquires 13,478 Shares of First Trust Long/Short Equity ETF $FTLS

Steward Partners Investment Advisory LLC increased its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,112 shares of the company’s stock after acquiring an additional 13,478 shares during the period. Steward Partners Investment Advisory LLC owned approximately 0.28% of First Trust Long/Short Equity ETF worth $5,390,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FTLS. Ameriprise Financial Inc. boosted its stake in First Trust Long/Short Equity ETF by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,662,691 shares of the company’s stock worth $109,430,000 after acquiring an additional 473,092 shares in the last quarter. LPL Financial LLC boosted its stake in First Trust Long/Short Equity ETF by 18.5% during the first quarter. LPL Financial LLC now owns 2,260,242 shares of the company’s stock worth $144,836,000 after acquiring an additional 352,687 shares in the last quarter. Hobart Private Capital LLC bought a new stake in First Trust Long/Short Equity ETF during the first quarter worth about $19,496,000. Raymond James Financial Inc. bought a new stake in First Trust Long/Short Equity ETF during the fourth quarter worth about $16,769,000. Finally, Financial Enhancement Group LLC boosted its stake in First Trust Long/Short Equity ETF by 58.5% during the first quarter. Financial Enhancement Group LLC now owns 236,771 shares of the company’s stock worth $14,708,000 after acquiring an additional 87,410 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of NYSEARCA FTLS opened at $67.37 on Tuesday. The firm’s 50 day moving average price is $66.16 and its 200-day moving average price is $65.17. The company has a market cap of $1.95 billion, a PE ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 52-week low of $58.90 and a 52-week high of $69.94.

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.