First Trust Long/Short Equity ETF (NYSEARCA:FTLS) is World Equity Group Inc.’s 3rd Largest Position

World Equity Group Inc. decreased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,202 shares of the company’s stock after selling 6,317 shares during the period. First Trust Long/Short Equity ETF accounts for about 3.3% of World Equity Group Inc.’s portfolio, making the stock its 3rd biggest holding. World Equity Group Inc. owned approximately 0.72% of First Trust Long/Short Equity ETF worth $9,089,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FTLS. UMB Bank n.a. bought a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at approximately $35,000. NBC Securities Inc. grew its position in shares of First Trust Long/Short Equity ETF by 184.2% during the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after buying an additional 523 shares in the last quarter. GAMMA Investing LLC purchased a new stake in First Trust Long/Short Equity ETF during the second quarter worth $84,000. Concourse Financial Group Securities Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 248,800.0% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 2,489 shares of the company’s stock valued at $153,000 after acquiring an additional 2,488 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 44.2% during the 2nd quarter. Larson Financial Group LLC now owns 2,560 shares of the company’s stock worth $160,000 after purchasing an additional 785 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

FTLS traded up $0.17 on Monday, hitting $63.78. The company had a trading volume of 5,935 shares, compared to its average volume of 134,484. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The stock has a fifty day moving average price of $63.47 and a 200-day moving average price of $62.41. First Trust Long/Short Equity ETF has a 12-month low of $53.84 and a 12-month high of $65.00.

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.