Envestnet Asset Management Inc. Has $32.71 Million Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Envestnet Asset Management Inc. grew its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 522,659 shares of the company’s stock after purchasing an additional 19,922 shares during the period. Envestnet Asset Management Inc. owned approximately 2.63% of First Trust Long/Short Equity ETF worth $32,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Traction Financial Partners LLC purchased a new stake in First Trust Long/Short Equity ETF in the 4th quarter worth about $213,000. Avestar Capital LLC grew its stake in First Trust Long/Short Equity ETF by 25.7% during the 4th quarter. Avestar Capital LLC now owns 47,758 shares of the company’s stock valued at $2,687,000 after acquiring an additional 9,769 shares in the last quarter. Larson Financial Group LLC grew its stake in First Trust Long/Short Equity ETF by 44.2% during the 2nd quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock valued at $160,000 after acquiring an additional 785 shares in the last quarter. SpiderRock Advisors LLC purchased a new position in First Trust Long/Short Equity ETF during the 1st quarter valued at about $391,000. Finally, Legacy Capital Wealth Partners LLC purchased a new position in First Trust Long/Short Equity ETF during the 2nd quarter valued at about $718,000.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS opened at $63.01 on Friday. First Trust Long/Short Equity ETF has a fifty-two week low of $52.15 and a fifty-two week high of $63.87. The stock’s 50-day moving average is $62.58 and its two-hundred day moving average is $61.78. The stock has a market cap of $1.25 billion, a PE 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.