Royal Bank of Canada Raises Stock Position in First Trust Long/Short Equity ETF $FTLS

Royal Bank of Canada grew its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,606,322 shares of the company’s stock after acquiring an additional 57,245 shares during the period. Royal Bank of Canada owned about 8.42% of First Trust Long/Short Equity ETF worth $183,381,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in First Trust Long/Short Equity ETF by 1.5% in the 4th quarter. Morgan Stanley now owns 5,252,510 shares of the company’s stock worth $372,876,000 after purchasing an additional 78,397 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of 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 in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 6.7% in the fourth quarter. LPL Financial LLC now owns 2,397,528 shares of the company’s stock worth $170,200,000 after buying an additional 149,648 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Long/Short Equity ETF by 45.2% during the second quarter. Raymond James Financial Inc. now owns 673,403 shares of the company’s stock worth $44,633,000 after acquiring an additional 209,579 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in First Trust Long/Short Equity ETF by 5.7% during the first quarter. Cetera Investment Advisers now owns 583,922 shares of the company’s stock valued at $41,085,000 after acquiring an additional 31,515 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 1.0%

Shares of FTLS stock opened at $74.34 on Thursday. The company’s fifty day simple moving average is $74.35 and its two-hundred day simple moving average is $72.56. First Trust Long/Short Equity ETF has a 52 week low of $65.84 and a 52 week high of $77.52. The stock has a market cap of $2.44 billion, a P/E ratio of 21.59 and a beta of 0.50.

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.