Citizens Financial Group Inc. RI trimmed its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS – Free Report) by 98.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,125 shares of the company’s stock after selling 999,395 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in First Trust Long/Short Equity ETF were worth $930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FTLS. Coppell Advisory Solutions LLC acquired a new stake in First Trust Long/Short Equity ETF during the 2nd quarter valued at approximately $107,000. Fifth Third Bancorp bought a new position in First Trust Long/Short Equity ETF during the 1st quarter worth approximately $7,296,000. First Trust Advisors LP lifted its position in shares of First Trust Long/Short Equity ETF by 71.7% in the 1st quarter. First Trust Advisors LP now owns 223,206 shares of the company’s stock worth $15,703,000 after purchasing an additional 93,210 shares during the period. Wedbush Securities Inc. acquired a new position in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $5,810,000. Finally, Diversify Advisory Services LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 140.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 98,509 shares of the company’s stock valued at $7,608,000 after purchasing an additional 57,576 shares during the last quarter.
First Trust Long/Short Equity ETF Stock Performance
NYSEARCA:FTLS opened at $77.31 on Thursday. The firm’s fifty day moving average is $76.86 and its 200-day moving average is $73.86. First Trust Long/Short Equity ETF has a 52 week low of $69.21 and a 52 week high of $78.11. The firm has a market cap of $2.65 billion, a P/E ratio of 21.59 and a beta of 0.50.
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.
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