Stegent Equity Advisors Inc. Has $4.05 Million Position in First Trust Long/Short Equity ETF $FTLS

Stegent Equity Advisors Inc. decreased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,093 shares of the company’s stock after selling 1,327 shares during the quarter. First Trust Long/Short Equity ETF makes up 3.6% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 4th biggest position. Stegent Equity Advisors Inc. owned approximately 0.21% of First Trust Long/Short Equity ETF worth $4,049,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Hobart Private Capital LLC raised its holdings in First Trust Long/Short Equity ETF by 1.0% in the second quarter. Hobart Private Capital LLC now owns 307,223 shares of the company’s stock worth $20,363,000 after purchasing an additional 2,983 shares in the last quarter. Sage Mountain Advisors LLC bought a new position in First Trust Long/Short Equity ETF in the second quarter worth $201,000. Meadow Creek Wealth Advisors LLC raised its holdings in First Trust Long/Short Equity ETF by 6.3% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 13,319 shares of the company’s stock worth $883,000 after purchasing an additional 787 shares in the last quarter. Parcion Private Wealth LLC raised its holdings in First Trust Long/Short Equity ETF by 10.6% in the second quarter. Parcion Private Wealth LLC now owns 16,182 shares of the company’s stock worth $1,073,000 after purchasing an additional 1,549 shares in the last quarter. Finally, TFB Advisors LLC raised its holdings in First Trust Long/Short Equity ETF by 26.4% in the second quarter. TFB Advisors LLC now owns 7,102 shares of the company’s stock worth $471,000 after purchasing an additional 1,482 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA:FTLS opened at $70.10 on Friday. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $70.49. The business has a fifty day moving average price of $68.82 and a 200-day moving average price of $66.42. The company has a market capitalization of $2.02 billion, a PE ratio of 21.59 and a beta of 0.51.

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.