Cardinal Point Capital Management ULC Has $8.24 Million Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cardinal Point Capital Management ULC increased its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,184 shares of the company’s stock after purchasing an additional 5,010 shares during the quarter. First Trust Long/Short Equity ETF makes up approximately 1.3% of Cardinal Point Capital Management ULC’s holdings, making the stock its 15th biggest holding. Cardinal Point Capital Management ULC owned approximately 0.63% of First Trust Long/Short Equity ETF worth $8,238,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. bought a new stake in First Trust Long/Short Equity ETF during the third quarter worth about $35,000. NBC Securities Inc. grew its position in First Trust Long/Short Equity ETF by 184.2% during the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock worth $51,000 after acquiring an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Long/Short Equity ETF during the 3rd quarter valued at $75,000. GAMMA Investing LLC lifted its position in First Trust Long/Short Equity ETF by 26.2% during the 4th quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after buying an additional 353 shares in the last quarter. Finally, Insigneo Advisory Services LLC bought a new stake in First Trust Long/Short Equity ETF during the 2nd quarter worth about $203,000.

First Trust Long/Short Equity ETF Trading Up 0.3 %

FTLS opened at $66.12 on Tuesday. First Trust Long/Short Equity ETF has a 1-year low of $57.09 and a 1-year high of $67.92. The firm has a 50-day moving average price of $66.16 and a two-hundred day moving average price of $64.16. The stock has a market capitalization of $1.31 billion, a PE ratio of 19.46 and a beta of 0.62.

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.