First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Stock Holdings Lessened by FOCUS Wealth Advisors LLC

FOCUS Wealth Advisors LLC trimmed its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,160 shares of the company’s stock after selling 444 shares during the quarter. First Trust Long/Short Equity ETF makes up approximately 3.3% of FOCUS Wealth Advisors LLC’s portfolio, making the stock its 7th biggest holding. FOCUS Wealth Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $6,131,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 9.7% in the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock worth $108,718,000 after buying an additional 150,887 shares in the last quarter. JPMorgan Chase & Co. lifted its position in First Trust Long/Short Equity ETF by 4,148.1% during the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after purchasing an additional 413,979 shares during the last quarter. Truist Financial Corp lifted its position in First Trust Long/Short Equity ETF by 3.2% during the second quarter. Truist Financial Corp now owns 392,377 shares of the company’s stock valued at $24,559,000 after purchasing an additional 12,107 shares during the last quarter. World Investment Advisors LLC bought a new stake in First Trust Long/Short Equity ETF during the third quarter valued at approximately $21,644,000. Finally, Private Advisor Group LLC lifted its position in First Trust Long/Short Equity ETF by 8.0% during the third quarter. Private Advisor Group LLC now owns 338,033 shares of the company’s stock valued at $21,455,000 after purchasing an additional 25,151 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of First Trust Long/Short Equity ETF stock opened at $67.20 on Monday. First Trust Long/Short Equity ETF has a 1 year low of $57.30 and a 1 year high of $67.92. The firm has a market cap of $1.33 billion, a PE ratio of 19.46 and a beta of 0.62. The company has a 50 day simple moving average of $66.34 and a two-hundred day simple moving average of $64.30.

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.