World Investment Advisors LLC Invests $21.64 Million in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

World Investment Advisors LLC purchased a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 341,004 shares of the company’s stock, valued at approximately $21,644,000. World Investment Advisors LLC owned about 1.72% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Cetera Investment Advisers boosted its holdings in First Trust Long/Short Equity ETF by 11.8% during the second quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock worth $19,798,000 after buying an additional 33,263 shares during the last quarter. Larson Financial Group LLC grew its holdings 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 valued at $160,000 after purchasing an additional 785 shares during the period. Prospera Financial Services Inc grew its holdings in First Trust Long/Short Equity ETF by 4.2% during the third quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock valued at $741,000 after purchasing an additional 474 shares during the period. Legacy Capital Wealth Partners LLC acquired a new stake in First Trust Long/Short Equity ETF in the second quarter worth $718,000. Finally, OLD National Bancorp IN raised its holdings in First Trust Long/Short Equity ETF by 24.7% in the third quarter. OLD National Bancorp IN now owns 33,806 shares of the company’s stock worth $2,146,000 after purchasing an additional 6,704 shares during the period.

First Trust Long/Short Equity ETF Stock Up 0.4 %

Shares of FTLS stock opened at $67.20 on Friday. First Trust Long/Short Equity ETF has a 12-month low of $55.40 and a 12-month high of $67.45. The firm has a fifty day moving average of $64.89 and a 200-day moving average of $63.34. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.