First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Stock Holdings Lifted by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 27.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,988 shares of the company’s stock after acquiring an additional 4,283 shares during the quarter. Raymond James Trust N.A. owned 0.10% of First Trust Long/Short Equity ETF worth $1,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in First Trust Long/Short Equity ETF in the 4th quarter worth about $10,664,000. CWM LLC increased its position in shares of First Trust Long/Short Equity ETF by 94.3% in the fourth quarter. CWM LLC now owns 4,207 shares of the company’s stock worth $237,000 after acquiring an additional 2,042 shares in the last quarter. Silver Oak Securities Incorporated increased its position in shares of First Trust Long/Short Equity ETF by 30.1% in the fourth quarter. Silver Oak Securities Incorporated now owns 23,887 shares of the company’s stock worth $1,344,000 after acquiring an additional 5,533 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of First Trust Long/Short Equity ETF by 36.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 25,063 shares of the company’s stock valued at $1,410,000 after acquiring an additional 6,684 shares in the last quarter. Finally, Stegent Equity Advisors Inc. boosted its stake in First Trust Long/Short Equity ETF by 311.9% in the 4th quarter. Stegent Equity Advisors Inc. now owns 45,443 shares of the company’s stock worth $2,557,000 after purchasing an additional 34,411 shares during the period.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock traded up $0.14 during midday trading on Monday, reaching $63.69. The stock had a trading volume of 7,561 shares, compared to its average volume of 137,508. The firm’s fifty day simple moving average is $62.67 and its two-hundred day simple moving average is $61.38. First Trust Long/Short Equity ETF has a twelve month low of $52.15 and a twelve month high of $63.87. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.