Stillwater Private Wealth LLC Acquires Shares of 26,096 First Trust Long/Short Equity ETF $FTLS

Stillwater Private Wealth LLC acquired a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,096 shares of the company’s stock, valued at approximately $1,836,000. First Trust Long/Short Equity ETF accounts for about 1.6% of Stillwater Private Wealth LLC’s investment portfolio, making the stock its 21st largest position. Stillwater Private Wealth LLC owned approximately 0.08% of First Trust Long/Short Equity ETF as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 728.0% in the fourth quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after purchasing an additional 446,569 shares during the period. VestGen Advisors LLC purchased a new stake in First Trust Long/Short Equity ETF during the 4th quarter worth $20,855,000. Ameriprise Financial Inc. increased its stake in First Trust Long/Short Equity ETF by 10.6% during the 2nd 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. lifted its holdings in First Trust Long/Short Equity ETF by 45.2% in the 2nd quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after buying an additional 209,579 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in First Trust Long/Short Equity ETF by 159.4% in the 4th quarter. Merit Financial Group LLC now owns 245,051 shares of the company’s stock worth $17,396,000 after buying an additional 150,598 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS opened at $74.99 on Friday. The firm has a 50-day moving average of $74.37 and a two-hundred day moving average of $72.60. The stock has a market cap of $2.46 billion, a P/E ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1-year low of $65.84 and a 1-year high of $77.52.

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.