Truist Financial Corp Has $28.05 Million Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Truist Financial Corp trimmed its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,276 shares of the company’s stock after selling 52,465 shares during the quarter. Truist Financial Corp owned 2.15% of First Trust Long/Short Equity ETF worth $28,053,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Comprehensive Financial Planning Inc. PA acquired a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at $36,000. Blue Trust Inc. acquired a new position in shares of First Trust Long/Short Equity ETF in the fourth quarter valued at $52,000. Principal Securities Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 31.9% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock valued at $63,000 after purchasing an additional 231 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at $75,000. Finally, GAMMA Investing LLC raised its stake in shares of First Trust Long/Short Equity ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after purchasing an additional 353 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Up 0.2 %

Shares of NYSEARCA FTLS opened at $67.87 on Wednesday. The business has a fifty day simple moving average of $67.03 and a 200 day simple moving average of $65.02. First Trust Long/Short Equity ETF has a one year low of $58.35 and a one year high of $69.94. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.