First Trust Long/Short Equity ETF $FTLS Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 26.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,359 shares of the company’s stock after selling 14,052 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.13% of First Trust Long/Short Equity ETF worth $2,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cardinal Point Capital Management ULC grew its stake in First Trust Long/Short Equity ETF by 7.0% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 127,324 shares of the company’s stock worth $8,769,000 after buying an additional 8,355 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 0.7% during the third quarter. RFG Advisory LLC now owns 26,122 shares of the company’s stock valued at $1,827,000 after acquiring an additional 174 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 6.9% during the third quarter. Flagship Harbor Advisors LLC now owns 114,913 shares of the company’s stock valued at $8,038,000 after acquiring an additional 7,370 shares during the period. IMG Wealth Management Inc. grew its position in shares of First Trust Long/Short Equity ETF by 11.0% during the third quarter. IMG Wealth Management Inc. now owns 79,573 shares of the company’s stock worth $5,566,000 after acquiring an additional 7,854 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of First Trust Long/Short Equity ETF by 1.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 588,279 shares of the company’s stock worth $41,150,000 after acquiring an additional 8,523 shares during the period.

First Trust Long/Short Equity ETF Stock Down 0.8%

Shares of NYSEARCA:FTLS opened at $70.81 on Friday. The company’s 50-day moving average price is $71.28 and its 200 day moving average price is $69.92. The company has a market cap of $2.17 billion, a PE ratio of 21.59 and a beta of 0.48. First Trust Long/Short Equity ETF has a fifty-two week low of $58.90 and a fifty-two week high of $72.39.

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.