World Investment Advisors Sells 12,963 Shares of First Trust Long/Short Equity ETF $FTLS

World Investment Advisors lowered its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 35.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,288 shares of the company’s stock after selling 12,963 shares during the period. World Investment Advisors’ holdings in First Trust Long/Short Equity ETF were worth $1,653,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Tempo Wealth LLC acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $380,000. Axxcess Wealth Management LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the fourth quarter valued at about $2,502,000. CacheTech Inc. bought a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth about $334,000. VestGen Advisors LLC bought a new position in First Trust Long/Short Equity ETF in the fourth quarter worth approximately $20,855,000. Finally, Prostatis Group LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 0.6% in the 4th quarter. Prostatis Group LLC now owns 59,938 shares of the company’s stock worth $4,255,000 after purchasing an additional 344 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $74.50 on Friday. The company has a market capitalization of $2.31 billion, a P/E ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 52-week low of $64.63 and a 52-week high of $75.09. The business has a 50-day simple moving average of $73.73 and a two-hundred day simple moving average of $71.93.

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.