World Investment Advisors Has $1.65 Million Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

World Investment Advisors boosted its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 26.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,078 shares of the company’s stock after buying an additional 5,232 shares during the period. World Investment Advisors’ holdings in First Trust Long/Short Equity ETF were worth $1,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of First Trust Long/Short Equity ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 1,907,555 shares of the company’s stock valued at $125,536,000 after acquiring an additional 194,659 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Long/Short Equity ETF by 81.2% during the fourth quarter. JPMorgan Chase & Co. now owns 768,382 shares of the company’s stock worth $50,567,000 after purchasing an additional 344,423 shares during the period. World Investment Advisors LLC bought a new stake in First Trust Long/Short Equity ETF in the third quarter valued at about $21,644,000. Raymond James Financial Inc. acquired a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at about $16,769,000. Finally, World Equity Group Inc. boosted its holdings in First Trust Long/Short Equity ETF by 51.3% during the fourth quarter. World Equity Group Inc. now owns 216,628 shares of the company’s stock worth $14,256,000 after buying an additional 73,426 shares during the last quarter.

First Trust Long/Short Equity ETF Trading Down 3.2 %

First Trust Long/Short Equity ETF stock opened at $60.93 on Friday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 24.26 and a beta of 0.50. The business has a 50-day moving average of $65.69 and a 200-day moving average of $65.54. First Trust Long/Short Equity ETF has a 1 year low of $58.92 and a 1 year high of $69.94.

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.