Royal Bank of Canada Acquires 57,245 Shares of First Trust Long/Short Equity ETF $FTLS

Royal Bank of Canada boosted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.2% during the first quarter, Holdings Channel.com reports. The firm 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 0.08% of First Trust Long/Short Equity ETF worth $183,381,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FTLS. Rossby Financial LCC raised its position in shares of First Trust Long/Short Equity ETF by 25.4% during the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock valued at $62,000 after buying an additional 176 shares in the last quarter. HBW Advisory Services LLC grew its position in First Trust Long/Short Equity ETF by 2.8% in the first quarter. HBW Advisory Services LLC now owns 6,840 shares of the company’s stock worth $481,000 after acquiring an additional 186 shares in the last quarter. Hilltop Holdings Inc. increased its stake in First Trust Long/Short Equity ETF by 2.6% during the third quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock worth $549,000 after acquiring an additional 196 shares during the last quarter. J.Safra Asset Management Corp increased its stake in First Trust Long/Short Equity ETF by 10.2% during the fourth quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock worth $182,000 after acquiring an additional 236 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in First Trust Long/Short Equity ETF by 0.6% during the first quarter. Sigma Planning Corp now owns 38,410 shares of the company’s stock worth $2,702,000 after acquiring an additional 240 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS stock opened at $74.34 on Thursday. The company has a market cap of $2.44 billion, a PE ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 1 year low of $65.84 and a 1 year high of $77.52. The stock’s 50 day simple moving average is $74.35 and its two-hundred day simple moving average is $72.56.

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.