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

World Investment Advisors lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,076 shares of the company’s stock after selling 3,008 shares during the period. World Investment Advisors owned approximately 0.12% of First Trust Long/Short Equity ETF worth $2,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Flagship Harbor Advisors LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 107,543 shares of the company’s stock worth $7,128,000 after buying an additional 393 shares during the last quarter. Brookwood Investment Group LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 8.6% in the 2nd quarter. Brookwood Investment Group LLC now owns 12,268 shares of the company’s stock worth $813,000 after buying an additional 967 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in First Trust Long/Short Equity ETF by 24.4% in the second quarter. Ashton Thomas Private Wealth LLC now owns 16,379 shares of the company’s stock valued at $1,086,000 after purchasing an additional 3,211 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Long/Short Equity ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 579,756 shares of the company’s stock valued at $38,426,000 after purchasing an additional 45,680 shares during the last quarter. Finally, Hobart Private Capital LLC lifted its stake in First Trust Long/Short Equity ETF by 1.0% in the second quarter. Hobart Private Capital LLC now owns 307,223 shares of the company’s stock valued at $20,363,000 after purchasing an additional 2,983 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.2%

First Trust Long/Short Equity ETF stock opened at $71.12 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $71.57. The business’s 50 day simple moving average is $69.11 and its 200 day simple moving average is $66.66. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 21.59 and a beta of 0.48.

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.