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

Truist Financial Corp decreased its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 426,276 shares of the company’s stock after selling 52,465 shares during the quarter. Truist Financial Corp’s holdings in First Trust Long/Short Equity ETF were worth $28,053,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FTLS. Comprehensive Financial Planning Inc. PA acquired a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $36,000. Blue Trust Inc. acquired a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $52,000. Principal Securities Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 31.9% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after acquiring an additional 231 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $75,000. Finally, GAMMA Investing LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after acquiring an additional 353 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA FTLS opened at $67.87 on Wednesday. The stock’s fifty day moving average price is $67.03 and its two-hundred day moving average price is $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 cap of $1.35 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62.

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.