Oppenheimer & Co. Inc. Purchases New Shares in First Trust Long/Short Equity ETF $FTLS

Oppenheimer & Co. Inc. purchased a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 40,795 shares of the company’s stock, valued at approximately $3,129,000. Oppenheimer & Co. Inc. owned approximately 0.12% of First Trust Long/Short Equity ETF at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its stake in shares of First Trust Long/Short Equity ETF by 73.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 11,237 shares of the company’s stock valued at $862,000 after buying an additional 4,752 shares during the period. Live Oak Investment Partners lifted its stake in shares of First Trust Long/Short Equity ETF by 0.6% during the third quarter. Live Oak Investment Partners now owns 95,075 shares of the company’s stock valued at $7,291,000 after acquiring an additional 562 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in First Trust Long/Short Equity ETF by 3.2% in the third quarter. Kingswood Wealth Advisors LLC now owns 108,617 shares of the company’s stock valued at $8,330,000 after acquiring an additional 3,346 shares during the last quarter. Sigma Planning Corp bought a new position in First Trust Long/Short Equity ETF in the third quarter valued at about $2,704,000. Finally, Simplicity Wealth LLC boosted its holdings in First Trust Long/Short Equity ETF by 60.8% in the third quarter. Simplicity Wealth LLC now owns 89,007 shares of the company’s stock valued at $6,826,000 after acquiring an additional 33,660 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.6%

Shares of FTLS stock opened at $76.42 on Friday. The stock has a 50-day moving average price of $76.90 and a 200 day moving average price of $73.91. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 21.59 and a beta of 0.50. First Trust Long/Short Equity ETF has a 12 month low of $69.21 and a 12 month high of $78.11.

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.