Benjamin Edwards Inc. Has $4.56 Million Stake in First Trust Long/Short Equity ETF $FTLS

Benjamin Edwards Inc. boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 21.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 65,131 shares of the company’s stock after buying an additional 11,352 shares during the quarter. Benjamin Edwards Inc.’s holdings in First Trust Long/Short Equity ETF were worth $4,557,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after buying an additional 231,155 shares during the period. Raymond James Financial Inc. boosted its position in First Trust Long/Short Equity ETF by 45.2% during the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after acquiring an additional 209,579 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust Long/Short Equity ETF by 7.6% during the second quarter. Cetera Investment Advisers now owns 631,308 shares of the company’s stock worth $41,843,000 after purchasing an additional 44,466 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Long/Short Equity ETF by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 579,756 shares of the company’s stock valued at $38,426,000 after acquiring an additional 45,680 shares in the last quarter. Finally, Truist Financial Corp grew its stake in First Trust Long/Short Equity ETF by 1.3% in the second quarter. Truist Financial Corp now owns 427,431 shares of the company’s stock valued at $28,330,000 after purchasing an additional 5,445 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA:FTLS opened at $71.50 on Friday. The company has a market capitalization of $2.17 billion, a P/E ratio of 21.59 and a beta of 0.48. The stock’s 50 day moving average price is $71.14 and its 200 day moving average price is $69.04. First Trust Long/Short Equity ETF has a 52 week low of $58.90 and a 52 week high of $72.20.

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.