Oppenheimer & Co. Inc. Acquires New Position in First Trust Long/Short Equity ETF $FTLS

Oppenheimer & Co. Inc. acquired a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,795 shares of the company’s stock, valued at approximately $3,129,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in First Trust Long/Short Equity ETF by 2.2% during the 1st quarter. Royal Bank of Canada now owns 2,606,322 shares of the company’s stock worth $183,381,000 after acquiring an additional 57,245 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Trust Long/Short Equity ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock valued at $41,085,000 after purchasing an additional 31,515 shares during the period. Assetmark Inc. lifted its stake in shares of First Trust Long/Short Equity ETF by 9.3% in the 1st quarter. Assetmark Inc. now owns 555,229 shares of the company’s stock valued at $39,066,000 after purchasing an additional 47,314 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of First Trust Long/Short Equity ETF by 8.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 235,621 shares of the company’s stock worth $17,408,000 after purchasing an additional 18,044 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of First Trust Long/Short Equity ETF by 71.7% in the 1st quarter. First Trust Advisors LP now owns 223,206 shares of the company’s stock worth $15,703,000 after purchasing an additional 93,210 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.6%

NYSEARCA:FTLS opened at $76.42 on Friday. First Trust Long/Short Equity ETF has a 12-month low of $69.21 and a 12-month high of $78.11. The stock’s fifty day simple moving average is $76.90 and its 200-day simple moving average is $73.91. The firm has a market capitalization of $2.62 billion, a P/E ratio of 21.59 and a beta of 0.50.

First Trust Long/Short Equity ETF Company 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.