Bank of New York Mellon Corp Sells 1,740 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Bank of New York Mellon Corp reduced its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,350 shares of the company’s stock after selling 1,740 shares during the period. Bank of New York Mellon Corp owned 0.15% of First Trust Long/Short Equity ETF worth $1,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the second quarter worth $84,000. Concourse Financial Group Securities Inc. lifted its position in First Trust Long/Short Equity ETF by 248,800.0% during the first quarter. Concourse Financial Group Securities Inc. now owns 2,489 shares of the company’s stock worth $153,000 after buying an additional 2,488 shares in the last quarter. Transcend Capital Advisors LLC acquired a new stake in First Trust Long/Short Equity ETF during the second quarter worth about $204,000. ICA Group Wealth Management LLC purchased a new position in First Trust Long/Short Equity ETF in the fourth quarter worth approximately $197,000. Finally, Maia Wealth LLC purchased a new stake in First Trust Long/Short Equity ETF in the 2nd quarter valued at about $227,000.

First Trust Long/Short Equity ETF Stock Performance

First Trust Long/Short Equity ETF stock opened at $62.89 on Wednesday. The firm has a 50 day moving average price of $62.59 and a 200 day moving average price of $61.73. First Trust Long/Short Equity ETF has a fifty-two week low of $52.15 and a fifty-two week high of $63.87. The company has a market capitalization of $1.25 billion, a PE ratio of 19.46 and a beta of 0.62.

About First Trust Long/Short Equity ETF

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.