Bank of New York Mellon Corp Sells 6,862 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Bank of New York Mellon Corp lessened its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 22.9% in the 4th quarter, HoldingsChannel reports. The fund owned 23,161 shares of the company’s stock after selling 6,862 shares during the period. Bank of New York Mellon Corp’s holdings in First Trust Long/Short Equity ETF were worth $1,524,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. EdgeRock Capital LLC raised its stake in shares of First Trust Long/Short Equity ETF by 10.7% during the 4th quarter. EdgeRock Capital LLC now owns 105,735 shares of the company’s stock worth $6,958,000 after acquiring an additional 10,183 shares in the last quarter. IFP Advisors Inc raised its stake in shares of First Trust Long/Short Equity ETF by 15.3% during the 4th quarter. IFP Advisors Inc now owns 24,217 shares of the company’s stock worth $1,594,000 after acquiring an additional 3,210 shares in the last quarter. World Equity Group Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 51.3% during the 4th quarter. World Equity Group Inc. now owns 216,628 shares of the company’s stock worth $14,256,000 after acquiring an additional 73,426 shares in the last quarter. Sigma Planning Corp raised its stake in shares of First Trust Long/Short Equity ETF by 38.4% during the 4th quarter. Sigma Planning Corp now owns 64,700 shares of the company’s stock worth $4,258,000 after acquiring an additional 17,963 shares in the last quarter. Finally, Matauro LLC bought a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $288,000.

First Trust Long/Short Equity ETF Stock Down 0.1 %

NYSEARCA FTLS opened at $64.19 on Friday. The firm has a market cap of $1.91 billion, a PE ratio of 24.26 and a beta of 0.50. The company has a 50 day moving average price of $66.40 and a 200 day moving average price of $65.44. First Trust Long/Short Equity ETF has a 52 week low of $58.92 and a 52 week high of $69.94.

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.