Cardinal Point Capital Management ULC Acquires 5,010 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cardinal Point Capital Management ULC lifted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 125,184 shares of the company’s stock after buying an additional 5,010 shares during the period. First Trust Long/Short Equity ETF makes up about 1.3% of Cardinal Point Capital Management ULC’s holdings, making the stock its 15th largest holding. Cardinal Point Capital Management ULC’s holdings in First Trust Long/Short Equity ETF were worth $8,238,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FTLS. LPL Financial LLC boosted its position in First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock valued at $108,718,000 after purchasing an additional 150,887 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Long/Short Equity ETF by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 522,659 shares of the company’s stock valued at $32,713,000 after buying an additional 19,922 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after buying an additional 413,979 shares in the last quarter. Truist Financial Corp increased its holdings in First Trust Long/Short Equity ETF by 3.2% during the second quarter. Truist Financial Corp now owns 392,377 shares of the company’s stock worth $24,559,000 after buying an additional 12,107 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in First Trust Long/Short Equity ETF during the third quarter worth $21,644,000.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $66.12 on Tuesday. The company has a fifty day moving average price of $66.16 and a two-hundred day moving average price of $64.16. First Trust Long/Short Equity ETF has a one year low of $57.09 and a one year high of $67.92. The stock has a market cap of $1.31 billion, a P/E ratio of 19.46 and a beta of 0.62.

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.