LFA Lugano Financial Advisors SA Sells 32,746 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

LFA Lugano Financial Advisors SA decreased its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLSFree Report) by 40.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,573 shares of the company’s stock after selling 32,746 shares during the quarter. First Trust Long/Short Equity ETF accounts for 2.1% of LFA Lugano Financial Advisors SA’s portfolio, making the stock its 17th biggest holding. LFA Lugano Financial Advisors SA owned approximately 0.35% of First Trust Long/Short Equity ETF worth $2,676,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Morgan Stanley increased its stake in First Trust Long/Short Equity ETF by 9.1% in the 3rd quarter. Morgan Stanley now owns 2,051,653 shares of the company’s stock worth $109,045,000 after acquiring an additional 171,795 shares during the last quarter. Royal Bank of Canada increased its position in shares of First Trust Long/Short Equity ETF by 4.2% during the 3rd quarter. Royal Bank of Canada now owns 1,606,989 shares of the company’s stock valued at $85,412,000 after purchasing an additional 64,663 shares during the last quarter. Truist Financial Corp increased its position in shares of First Trust Long/Short Equity ETF by 22.3% during the 3rd quarter. Truist Financial Corp now owns 481,772 shares of the company’s stock valued at $25,606,000 after purchasing an additional 87,779 shares during the last quarter. Financial Enhancement Group LLC increased its position in shares of First Trust Long/Short Equity ETF by 1.5% during the 4th quarter. Financial Enhancement Group LLC now owns 254,136 shares of the company’s stock valued at $14,600,000 after purchasing an additional 3,699 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of First Trust Long/Short Equity ETF by 2.4% during the 3rd quarter. CENTRAL TRUST Co now owns 245,591 shares of the company’s stock valued at $13,053,000 after purchasing an additional 5,688 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $61.58 on Tuesday. The company has a market cap of $828.25 million, a P/E ratio of 17.27 and a beta of 0.51. The business’s 50 day moving average price is $59.99 and its 200-day moving average price is $56.72. First Trust Long/Short Equity ETF has a fifty-two week low of $50.74 and a fifty-two week high of $61.83.

About First Trust Long/Short Equity ETF

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

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