Stephens Inc. AR Purchases New Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Stephens Inc. AR purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,295 shares of the company’s stock, valued at approximately $875,000. Stephens Inc. AR owned about 0.07% of First Trust Long/Short Equity ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after acquiring an additional 150,887 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of First Trust Long/Short Equity ETF by 4,148.1% during the third 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. World Investment Advisors LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the third quarter valued at approximately $21,644,000. Private Advisor Group LLC raised its stake in shares of First Trust Long/Short Equity ETF by 8.0% during the third quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock valued at $21,455,000 after acquiring an additional 25,151 shares in the last quarter. Finally, Financial Enhancement Group LLC raised its stake in shares of First Trust Long/Short Equity ETF by 15.4% during the third quarter. Financial Enhancement Group LLC now owns 311,985 shares of the company’s stock valued at $19,802,000 after acquiring an additional 41,617 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $67.76 on Friday. The company has a 50 day moving average price of $66.98 and a 200-day moving average price of $64.89. First Trust Long/Short Equity ETF has a fifty-two week low of $58.35 and a fifty-two week high of $69.94. The company has a market capitalization of $1.35 billion, a PE ratio of 19.46 and a beta of 0.62.

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.