Acas LLC Cuts Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Acas LLC lowered its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 3.0% in the 4th quarter, Holdings Channel reports. The fund owned 58,108 shares of the company’s stock after selling 1,790 shares during the period. First Trust Long/Short Equity ETF comprises 3.7% of Acas LLC’s investment portfolio, making the stock its 6th biggest holding. Acas LLC’s holdings in First Trust Long/Short Equity ETF were worth $3,269,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Royal Bank of Canada increased its position in First Trust Long/Short Equity ETF by 4.2% in the 3rd quarter. Royal Bank of Canada now owns 1,606,989 shares of the company’s stock valued at $85,412,000 after acquiring an additional 64,663 shares during the period. Truist Financial Corp raised its stake in shares of First Trust Long/Short Equity ETF by 22.3% during the third quarter. Truist Financial Corp now owns 481,772 shares of the company’s stock valued at $25,606,000 after purchasing an additional 87,779 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in First Trust Long/Short Equity ETF by 49.1% in the fourth quarter. CENTRAL TRUST Co now owns 366,284 shares of the company’s stock worth $20,607,000 after purchasing an additional 120,693 shares during the period. Financial Enhancement Group LLC lifted its holdings in First Trust Long/Short Equity ETF by 1.5% in the fourth quarter. Financial Enhancement Group LLC now owns 254,136 shares of the company’s stock worth $14,600,000 after purchasing an additional 3,699 shares during the period. Finally, Private Advisor Group LLC grew its position in First Trust Long/Short Equity ETF by 137.5% in the 3rd quarter. Private Advisor Group LLC now owns 205,288 shares of the company’s stock valued at $10,911,000 after buying an additional 118,858 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS stock traded down $0.35 during midday trading on Thursday, reaching $59.40. 11,162 shares of the company were exchanged, compared to its average volume of 130,026. The company’s 50 day moving average price is $60.56 and its two-hundred day moving average price is $57.54. The company has a market cap of $1.10 billion, a P/E ratio of 18.96 and a beta of 0.59. First Trust Long/Short Equity ETF has a 12 month low of $50.74 and a 12 month high of $61.85.

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.