First Trust Long/Short Equity ETF $FTLS Shares Bought by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC boosted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,400 shares of the company’s stock after buying an additional 11,835 shares during the period. Cardinal Point Capital Management ULC’s holdings in First Trust Long/Short Equity ETF were worth $10,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in First Trust Long/Short Equity ETF by 728.0% in the 4th quarter. Assetmark Inc. now owns 507,915 shares of the company’s stock worth $36,057,000 after purchasing an additional 446,569 shares in the last quarter. Center For Asset Management LLC purchased a new stake in First Trust Long/Short Equity ETF in the 4th quarter valued at $2,965,000. Seeds Investor LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter worth $3,283,000. Triad Wealth Partners LLC acquired a new stake in shares of First Trust Long/Short Equity ETF in the 4th quarter worth $527,000. Finally, Tcfg Wealth Management LLC purchased a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth $7,618,000.

First Trust Long/Short Equity ETF Trading Down 0.5%

First Trust Long/Short Equity ETF stock opened at $73.92 on Thursday. First Trust Long/Short Equity ETF has a 12-month low of $65.17 and a 12-month high of $75.11. The stock has a market cap of $2.29 billion, a P/E ratio of 21.59 and a beta of 0.50. The company has a 50-day moving average price of $73.84 and a 200 day moving average price of $72.00.

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.