Sage Mountain Advisors LLC Makes New Investment in First Trust Long/Short Equity ETF $FTLS

Sage Mountain Advisors LLC acquired a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,040 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in First Trust Long/Short Equity ETF in the 1st quarter valued at about $30,000. Jones Financial Companies Lllp grew its stake in First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after acquiring an additional 468 shares in the last quarter. Lord & Richards Wealth Management LLC bought a new position in First Trust Long/Short Equity ETF in the 1st quarter worth about $31,000. Farther Finance Advisors LLC grew 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 worth $31,000 after acquiring an additional 383 shares in the last quarter. Finally, SouthState Corp grew its stake in First Trust Long/Short Equity ETF by 2,040.0% in the 1st quarter. SouthState Corp now owns 1,284 shares of the company’s stock worth $82,000 after acquiring an additional 1,224 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $70.10 on Monday. The company has a market capitalization of $2.02 billion, a P/E ratio of 21.59 and a beta of 0.51. The company’s 50-day simple moving average is $68.82 and its two-hundred day simple moving average is $66.45. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $70.49.

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.