First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Stock Position Lifted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 36.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,063 shares of the company’s stock after buying an additional 6,684 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in 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 worth $85,412,000 after buying an additional 64,663 shares during the last quarter. Truist Financial Corp lifted its holdings in 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 worth $25,606,000 after buying an additional 87,779 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in First Trust Long/Short Equity ETF by 49.1% during the 4th quarter. CENTRAL TRUST Co now owns 366,284 shares of the company’s stock worth $20,607,000 after buying an additional 120,693 shares during the last quarter. Financial Enhancement Group LLC raised 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 worth $14,600,000 after purchasing an additional 3,699 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of First Trust Long/Short Equity ETF by 137.5% during the 3rd quarter. Private Advisor Group LLC now owns 205,288 shares of the company’s stock worth $10,911,000 after purchasing an additional 118,858 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.7 %

Shares of First Trust Long/Short Equity ETF stock opened at $60.13 on Friday. The business’s 50 day simple moving average is $60.61 and its 200-day simple moving average is $57.84. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.96 and a beta of 0.59. First Trust Long/Short Equity ETF has a twelve month low of $50.79 and a twelve month high of $61.85.

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.