Truist Financial Corp Raises Stake in First Trust Long/Short Equity ETF $FTLS

Truist Financial Corp increased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 10.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 473,347 shares of the company’s stock after buying an additional 45,071 shares during the period. Truist Financial Corp’s holdings in First Trust Long/Short Equity ETF were worth $33,603,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in First Trust Long/Short Equity ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 2,417,461 shares of the company’s stock worth $160,161,000 after buying an additional 231,155 shares during the last quarter. Raymond James Financial Inc. increased its position in First Trust Long/Short Equity ETF by 45.2% in the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after buying an additional 209,579 shares during the last quarter. Envestnet Asset Management Inc. increased its position in First Trust Long/Short Equity ETF by 1.5% in the third quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock worth $41,150,000 after buying an additional 8,523 shares during the last quarter. Assetmark Inc. lifted its holdings in First Trust Long/Short Equity ETF by 728.0% during the fourth quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock valued at $36,057,000 after purchasing an additional 446,569 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in First Trust Long/Short Equity ETF by 6.2% during the fourth quarter. CENTRAL TRUST Co now owns 422,643 shares of the company’s stock valued at $30,003,000 after purchasing an additional 24,707 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.9%

NYSEARCA FTLS opened at $73.88 on Wednesday. The company has a market cap of $2.29 billion, a PE ratio of 21.59 and a beta of 0.51. First Trust Long/Short Equity ETF has a 52 week low of $63.67 and a 52 week high of $74.08. The firm’s 50-day simple moving average is $71.21 and its two-hundred day simple moving average is $71.11.

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.