World Investment Advisors LLC Acquires New Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

World Investment Advisors LLC bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,846 shares of the company’s stock, valued at approximately $1,260,000. World Investment Advisors LLC owned about 0.10% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FTLS. LPL Financial LLC increased its position in shares of First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after acquiring an additional 150,887 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust Long/Short Equity ETF by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 522,659 shares of the company’s stock worth $32,713,000 after purchasing an additional 19,922 shares during the period. Truist Financial Corp raised its holdings in 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 valued at $24,559,000 after acquiring an additional 12,107 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of First Trust Long/Short Equity ETF by 8.0% in the 3rd quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock valued at $21,455,000 after purchasing an additional 25,151 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in 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 valued at $19,798,000 after buying an additional 33,263 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.3 %

FTLS stock opened at $66.90 on Monday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a fifty-two week low of $55.82 and a fifty-two week high of $67.45. The business has a 50 day moving average price of $65.26 and a 200 day moving average price of $63.56.

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.