Oakworth Capital Inc. Boosts Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Oakworth Capital Inc. lifted its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 197.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,164 shares of the company’s stock after acquiring an additional 2,764 shares during the quarter. Oakworth Capital Inc.’s holdings in First Trust Long/Short Equity ETF were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley grew its position in First Trust Long/Short Equity ETF by 46.1% during the fourth quarter. Morgan Stanley now owns 1,599,683 shares of the company’s stock valued at $78,177,000 after buying an additional 504,457 shares during the period. International Assets Investment Management LLC purchased a new position in First Trust Long/Short Equity ETF in the fourth quarter valued at about $10,664,000. WealthPlan Investment Management LLC grew its position in shares of First Trust Long/Short Equity ETF by 1,064.1% during the 3rd quarter. WealthPlan Investment Management LLC now owns 192,751 shares of the company’s stock valued at $10,245,000 after acquiring an additional 176,193 shares during the period. IHT Wealth Management LLC bought a new position in shares of First Trust Long/Short Equity ETF during the 2nd quarter valued at approximately $9,028,000. Finally, CENTRAL TRUST Co lifted its stake in shares of 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 valued at $20,607,000 after buying an additional 120,693 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.6 %

Shares of NYSEARCA FTLS opened at $59.66 on Thursday. The business has a 50-day simple moving average of $60.54 and a two-hundred day simple moving average of $57.33. The company has a market cap of $802.43 million, a P/E ratio of 17.27 and a beta of 0.51. First Trust Long/Short Equity ETF has a 52 week low of $50.74 and a 52 week high of $61.85.

First Trust Long/Short Equity ETF Company 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.