First Citizens Bank & Trust Co. Has $1.15 Million Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

First Citizens Bank & Trust Co. cut its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,428 shares of the company’s stock after selling 1,497 shares during the quarter. First Citizens Bank & Trust Co. owned 0.09% of First Trust Long/Short Equity ETF worth $1,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTLS. Insigneo Advisory Services LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 2nd quarter valued at approximately $203,000. Gateway Wealth Partners LLC acquired a new position in shares of First Trust Long/Short Equity ETF in the 2nd quarter valued at approximately $678,000. B. Riley Wealth Advisors Inc. raised its position in shares of First Trust Long/Short Equity ETF by 43.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 30,312 shares of the company’s stock valued at $1,897,000 after buying an additional 9,131 shares in the last quarter. Truist Financial Corp raised its position in shares of First Trust Long/Short Equity ETF by 3.2% in the 2nd quarter. Truist Financial Corp now owns 392,377 shares of the company’s stock valued at $24,559,000 after buying an additional 12,107 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of First Trust Long/Short Equity ETF by 11.8% in the 2nd quarter. Cetera Investment Advisers now owns 316,306 shares of the company’s stock valued at $19,798,000 after buying an additional 33,263 shares in the last quarter.

First Trust Long/Short Equity ETF Price Performance

FTLS stock opened at $68.07 on Monday. The company has a 50 day simple moving average of $66.58 and a 200 day simple moving average of $64.46. The stock 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 has a 1 year low of $57.78 and a 1 year high of $68.64.

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.