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

Stegent Equity Advisors Inc. cut its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 61,093 shares of the company’s stock after selling 1,327 shares during the period. First Trust Long/Short Equity ETF comprises about 3.6% of Stegent Equity Advisors Inc.’s holdings, making the stock its 4th largest position. Stegent Equity Advisors Inc.’s holdings in First Trust Long/Short Equity ETF were worth $4,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC bought a new position in shares of First Trust Long/Short Equity ETF during the first quarter valued at $30,000. Jones Financial Companies Lllp increased its holdings 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 buying an additional 468 shares in the last quarter. Lord & Richards Wealth Management LLC bought a new stake in First Trust Long/Short Equity ETF in the 1st quarter worth about $31,000. Farther Finance Advisors LLC increased its holdings 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 buying an additional 383 shares in the last quarter. Finally, SouthState Corp increased its holdings 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 buying an additional 1,224 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $70.10 on Friday. First Trust Long/Short Equity ETF has a one year low of $58.90 and a one year high of $70.49. The stock has a 50-day moving average of $68.82 and a 200 day moving average of $66.42. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51.

About First Trust Long/Short Equity ETF

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.