First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Sold by Insight Advisors LLC PA

Insight Advisors LLC PA cut its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 29.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,843 shares of the company’s stock after selling 4,829 shares during the period. Insight Advisors LLC PA’s holdings in First Trust Long/Short Equity ETF were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. acquired a new position in First Trust Long/Short Equity ETF during the third quarter worth $35,000. NBC Securities Inc. boosted its stake in First Trust Long/Short Equity ETF by 184.2% during the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after buying an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in First Trust Long/Short Equity ETF during the third quarter worth $75,000. GAMMA Investing LLC boosted its stake in First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after buying an additional 353 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in First Trust Long/Short Equity ETF by 4.2% during the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after buying an additional 191 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $67.66 on Thursday. The stock’s fifty day moving average is $66.87 and its two-hundred day moving average is $64.71. The firm has a market capitalization of $1.34 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a fifty-two week low of $58.35 and a fifty-two week high of $68.64.

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.