Envestnet Portfolio Solutions Inc. Has $2.06 Million Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Envestnet Portfolio Solutions Inc. grew its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,368 shares of the company’s stock after purchasing an additional 1,068 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Long/Short Equity ETF were worth $2,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $2,329,000. JPMorgan Chase & Co. boosted its position in shares of First Trust Long/Short Equity ETF by 4,148.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after acquiring an additional 413,979 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after acquiring an additional 353 shares in the last quarter. SMART Wealth LLC boosted its position in shares of First Trust Long/Short Equity ETF by 10.0% during the 3rd quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock valued at $1,235,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its position in shares of First Trust Long/Short Equity ETF by 4.2% during the 3rd quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock valued at $741,000 after acquiring an additional 474 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock opened at $64.27 on Friday. The firm’s 50-day simple moving average is $66.44 and its 200-day simple moving average is $65.42. First Trust Long/Short Equity ETF has a twelve month low of $58.92 and a twelve month high of $69.94. The firm has a market cap of $1.91 billion, a P/E ratio of 24.26 and a beta of 0.50.

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.