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

World Investment Advisors cut its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 35.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,288 shares of the company’s stock after selling 12,963 shares during the period. World Investment Advisors owned approximately 0.08% of First Trust Long/Short Equity ETF worth $1,653,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Burkett Financial Services LLC bought a new position in shares of First Trust Long/Short Equity ETF during the third quarter worth approximately $28,000. Tidemark LLC acquired a new position in First Trust Long/Short Equity ETF in the 4th quarter valued at $29,000. Jones Financial Companies Lllp raised its holdings in First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after acquiring an additional 468 shares in the last quarter. Rossby Financial LCC lifted its position in shares of First Trust Long/Short Equity ETF by 48.1% during the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after acquiring an additional 225 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 801.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock valued at $104,000 after acquiring an additional 1,307 shares during the period.

First Trust Long/Short Equity ETF Price Performance

FTLS stock opened at $74.50 on Friday. The company has a market cap of $2.31 billion, a PE ratio of 21.59 and a beta of 0.50. The business has a 50-day simple moving average of $73.73 and a 200 day simple moving average of $71.93. First Trust Long/Short Equity ETF has a 52 week low of $64.63 and a 52 week high of $75.09.

About First Trust Long/Short Equity ETF

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.