World Investment Advisors Trims Stock Position in First Trust Long/Short Equity ETF $FTLS

World Investment Advisors cut its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 35.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,288 shares of the company’s stock after selling 12,963 shares during the quarter. World Investment Advisors’ holdings in First Trust Long/Short Equity ETF were worth $1,562,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Money Concepts Capital Corp purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter valued at approximately $230,000. Advisor OS LLC grew its holdings in First Trust Long/Short Equity ETF by 139.0% in the fourth quarter. Advisor OS LLC now owns 62,437 shares of the company’s stock worth $4,432,000 after purchasing an additional 36,311 shares during the last quarter. RFG Advisory LLC grew its holdings in First Trust Long/Short Equity ETF by 14.3% in the fourth quarter. RFG Advisory LLC now owns 29,859 shares of the company’s stock worth $2,120,000 after purchasing an additional 3,737 shares during the last quarter. Truist Financial Corp grew its holdings in 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 purchasing an additional 45,071 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of First Trust Long/Short Equity ETF by 6.2% during the fourth quarter. CENTRAL TRUST Co now owns 422,643 shares of the company’s stock worth $30,003,000 after buying an additional 24,707 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.1%

NYSEARCA:FTLS opened at $74.25 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $64.47 and a 12 month high of $74.79. The firm has a fifty day simple moving average of $71.67 and a 200-day simple moving average of $71.35. The company has a market capitalization of $2.30 billion, a P/E ratio of 21.59 and a beta of 0.51.

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.