First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Holdings Lowered by World Equity Group Inc.

World Equity Group Inc. cut its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 143,202 shares of the company’s stock after selling 6,317 shares during the quarter. First Trust Long/Short Equity ETF comprises approximately 3.3% of World Equity Group Inc.’s portfolio, making the stock its 3rd biggest holding. World Equity Group Inc.’s holdings in First Trust Long/Short Equity ETF were worth $9,089,000 at the end of the most recent quarter.

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

First Trust Long/Short Equity ETF Trading Up 0.3 %

First Trust Long/Short Equity ETF stock traded up $0.17 during trading 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 cap of $1.27 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 1-year low of $53.84 and a 1-year high of $65.00. The company’s 50 day simple moving average is $63.47 and its 200-day simple moving average is $62.41.

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.