World Investment Advisors cut its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 35.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,288 shares of the company’s stock after selling 12,963 shares during the period. World Investment Advisors owned about 0.08% of First Trust Long/Short Equity ETF worth $1,562,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its stake in First Trust Long/Short Equity ETF by 10.6% in 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 in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 45.2% in the second 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. Envestnet Asset Management Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 1.5% in the third quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock worth $41,150,000 after buying an additional 8,523 shares in the last quarter. Assetmark Inc. lifted its position 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 worth $36,057,000 after buying an additional 446,569 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of First Trust Long/Short Equity ETF by 10.5% in the fourth quarter. Truist Financial Corp now owns 473,347 shares of the company’s stock worth $33,603,000 after buying an additional 45,071 shares in the last quarter.
First Trust Long/Short Equity ETF Trading Up 0.1%
NYSEARCA:FTLS opened at $74.25 on Friday. The company has a market capitalization of $2.30 billion, a P/E ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 12 month low of $64.47 and a 12 month high of $74.79. The business’s 50-day moving average is $71.67 and its 200 day moving average is $71.35.
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.
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