World Investment Advisors Reduces Stock Holdings in First Trust Long/Short Equity ETF $FTLS

World Investment Advisors lowered its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 34,076 shares of the company’s stock after selling 3,008 shares during the period. World Investment Advisors’ holdings in First Trust Long/Short Equity ETF were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC lifted its position in shares of First Trust Long/Short Equity ETF by 18.5% during the first quarter. LPL Financial LLC now owns 2,260,242 shares of the company’s stock worth $144,836,000 after acquiring an additional 352,687 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 31.5% during the first quarter. Ameriprise Financial Inc. now owns 2,186,306 shares of the company’s stock worth $140,116,000 after acquiring an additional 523,615 shares in the last quarter. Royal Bank of Canada lifted its position in shares of First Trust Long/Short Equity ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock worth $126,261,000 after acquiring an additional 196,268 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Long/Short Equity ETF by 8.4% during the first quarter. Cetera Investment Advisers now owns 586,842 shares of the company’s stock worth $37,605,000 after acquiring an additional 45,451 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 8.6% during the second quarter. Envestnet Asset Management Inc. now owns 579,756 shares of the company’s stock worth $38,426,000 after acquiring an additional 45,680 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA:FTLS opened at $71.12 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a 1 year low of $58.90 and a 1 year high of $71.57. The stock’s fifty day moving average price is $69.11 and its two-hundred day moving average price is $66.66.

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.