Royal Bank of Canada Buys 36,194 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Royal Bank of Canada lifted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,774,101 shares of the company’s stock after buying an additional 36,194 shares during the quarter. Royal Bank of Canada owned about 8.94% of First Trust Long/Short Equity ETF worth $116,753,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FTLS. Ameriprise Financial Inc. boosted its stake in shares of First Trust Long/Short Equity ETF by 39.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,662,691 shares of the company’s stock worth $109,430,000 after acquiring an additional 473,092 shares during the period. JPMorgan Chase & Co. lifted its holdings in First Trust Long/Short Equity ETF by 81.2% during the 4th quarter. JPMorgan Chase & Co. now owns 768,382 shares of the company’s stock valued at $50,567,000 after purchasing an additional 344,423 shares during the last quarter. Raymond James Financial Inc. bought a new position in First Trust Long/Short Equity ETF during the fourth quarter worth $16,769,000. LPL Financial LLC boosted its position in First Trust Long/Short Equity ETF by 11.4% during the fourth quarter. LPL Financial LLC now owns 1,907,555 shares of the company’s stock worth $125,536,000 after purchasing an additional 194,659 shares during the period. Finally, Ethos Financial Group LLC increased its holdings in shares of First Trust Long/Short Equity ETF by 4,297.8% in the fourth quarter. Ethos Financial Group LLC now owns 156,299 shares of the company’s stock valued at $10,286,000 after purchasing an additional 152,745 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS opened at $65.36 on Monday. The company’s 50-day moving average is $63.30 and its 200-day moving average is $65.34. The firm has a market capitalization of $1.98 billion, a PE ratio of 25.00 and a beta of 0.50. First Trust Long/Short Equity ETF has a fifty-two week low of $58.90 and a fifty-two week high of $69.94.

About First Trust Long/Short Equity ETF

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.