Silver Oak Securities Incorporated Has $831,000 Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Silver Oak Securities Incorporated raised its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 35.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,174 shares of the company’s stock after buying an additional 3,458 shares during the quarter. Silver Oak Securities Incorporated owned 0.07% of First Trust Long/Short Equity ETF worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its stake in First Trust Long/Short Equity ETF by 27.3% in the second quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock valued at $97,766,000 after buying an additional 335,072 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 522,659 shares of the company’s stock worth $32,713,000 after acquiring an additional 19,922 shares in the last quarter. Truist Financial Corp increased its holdings in shares of First Trust Long/Short Equity ETF by 3.2% in the second quarter. Truist Financial Corp now owns 392,377 shares of the company’s stock worth $24,559,000 after acquiring an additional 12,107 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 8.0% in the third quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock worth $21,455,000 after acquiring an additional 25,151 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust Long/Short Equity ETF by 11.8% in the second quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock worth $19,798,000 after acquiring an additional 33,263 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $64.15 on Friday. First Trust Long/Short Equity ETF has a 1 year low of $52.15 and a 1 year high of $65.00. The business has a 50-day moving average of $63.40 and a two-hundred day moving average of $62.26. The company has a market capitalization of $1.27 billion, a P/E 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.