Envestnet Asset Management Inc. Purchases 8,523 Shares of First Trust Long/Short Equity ETF $FTLS

Envestnet Asset Management Inc. raised its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 588,279 shares of the company’s stock after purchasing an additional 8,523 shares during the quarter. Envestnet Asset Management Inc. owned 2.02% of First Trust Long/Short Equity ETF worth $41,150,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FTLS. Root Financial Partners LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $25,000. GPS Wealth Strategies Group LLC increased its stake in First Trust Long/Short Equity ETF by 87.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after purchasing an additional 186 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the second quarter worth $27,000. Jones Financial Companies Lllp boosted its stake in shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after purchasing an additional 468 shares during the period. Finally, Salem Investment Counselors Inc. bought a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth about $79,000.

First Trust Long/Short Equity ETF Price Performance

FTLS stock opened at $71.24 on Wednesday. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $72.39. The firm’s 50-day moving average is $71.28 and its 200 day moving average is $69.90. The company has a market capitalization of $2.18 billion, a PE ratio of 21.59 and a beta of 0.48.

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.