Stephens Inc. AR Makes New $875,000 Investment in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Stephens Inc. AR acquired a new position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,295 shares of the company’s stock, valued at approximately $875,000.

Several other hedge funds have also recently modified their holdings of the stock. LPL Financial LLC raised its position in shares of First Trust Long/Short Equity ETF by 9.7% during the 3rd quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock worth $108,718,000 after purchasing an additional 150,887 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $26,909,000 after purchasing an additional 413,979 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth about $21,644,000. Private Advisor Group LLC raised its position in shares of First Trust Long/Short Equity ETF by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock worth $21,455,000 after purchasing an additional 25,151 shares during the last quarter. Finally, Financial Enhancement Group LLC raised its position in shares of First Trust Long/Short Equity ETF by 15.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 311,985 shares of the company’s stock worth $19,802,000 after purchasing an additional 41,617 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.5 %

FTLS opened at $67.76 on Friday. First Trust Long/Short Equity ETF has a twelve month low of $58.35 and a twelve month high of $69.94. The company has a 50-day moving average price of $66.98 and a 200 day moving average price of $64.89. The company has a market cap 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.