First Trust Long/Short Equity ETF (NYSEARCA:FTLS) is World Equity Group Inc.’s 4th Largest Position

World Equity Group Inc. grew its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 51.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,628 shares of the company’s stock after buying an additional 73,426 shares during the quarter. First Trust Long/Short Equity ETF accounts for about 3.1% of World Equity Group Inc.’s investment portfolio, making the stock its 4th largest holding. World Equity Group Inc. owned about 1.09% of First Trust Long/Short Equity ETF worth $14,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $36,000. Blue Trust Inc. acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at approximately $52,000. Principal Securities Inc. raised its position in shares of First Trust Long/Short Equity ETF by 31.9% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after acquiring an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at approximately $75,000. Finally, GAMMA Investing LLC raised its position in shares of First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after acquiring an additional 353 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 1.5 %

FTLS stock opened at $66.63 on Friday. The firm has a market cap of $1.32 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12-month low of $58.92 and a 12-month high of $69.94. The stock’s 50 day simple moving average is $67.07 and its 200 day simple moving average is $65.17.

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.