First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 22.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,161 shares of the company’s stock after selling 6,862 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.12% of First Trust Long/Short Equity ETF worth $1,524,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FTLS. Prospera Financial Services Inc grew its position in First Trust Long/Short Equity ETF by 4.2% in the 3rd quarter. Prospera Financial Services Inc now owns 11,656 shares of the company’s stock valued at $741,000 after acquiring an additional 474 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of First Trust Long/Short Equity ETF by 4.6% during the third quarter. Moors & Cabot Inc. now owns 5,214 shares of the company’s stock worth $331,000 after buying an additional 228 shares in the last quarter. LPL Financial LLC grew its position in shares of First Trust Long/Short Equity ETF by 9.7% during 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. Raymond James Trust N.A. grew its position in shares of First Trust Long/Short Equity ETF by 2.4% during the third quarter. Raymond James Trust N.A. now owns 20,465 shares of the company’s stock worth $1,299,000 after buying an additional 477 shares in the last quarter. Finally, Optivise Advisory Services LLC acquired a new position in shares of First Trust Long/Short Equity ETF during the third quarter worth about $1,157,000.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock opened at $64.19 on Friday. The company has a market cap of $1.91 billion, a PE ratio of 24.26 and a beta of 0.50. First Trust Long/Short Equity ETF has a one year low of $58.92 and a one year high of $69.94. The business has a 50-day simple moving average of $66.40 and a 200-day simple moving average of $65.44.

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.