Stegent Equity Advisors Inc. Has $4.41 Million Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Stegent Equity Advisors Inc. increased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 31.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,953 shares of the company’s stock after buying an additional 16,125 shares during the period. First Trust Long/Short Equity ETF comprises approximately 4.5% of Stegent Equity Advisors Inc.’s holdings, making the stock its 2nd largest position. Stegent Equity Advisors Inc. owned 0.34% of First Trust Long/Short Equity ETF worth $4,406,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA bought a new position in First Trust Long/Short Equity ETF in the 4th quarter worth $36,000. Blue Trust Inc. bought a new position in First Trust Long/Short Equity ETF in the 4th quarter worth $52,000. Principal Securities Inc. boosted its holdings in First Trust Long/Short Equity ETF by 31.9% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after buying an additional 231 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter worth $75,000. Finally, GAMMA Investing LLC lifted its stake in First Trust Long/Short Equity ETF by 26.2% in the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after purchasing an additional 353 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.1 %

Shares of FTLS stock opened at $66.32 on Thursday. The stock has a market cap of $1.32 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 52 week low of $58.92 and a 52 week high of $69.94. The company’s fifty day simple moving average is $67.03 and its two-hundred day simple moving average is $65.27.

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.