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

Cardinal Point Capital Management ULC lowered its stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 4.2% in the second quarter, HoldingsChannel reports. The fund owned 118,969 shares of the company’s stock after selling 5,195 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in First Trust Long/Short Equity ETF were worth $7,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FTLS. Ameriprise Financial Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 31.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,186,306 shares of the company’s stock valued at $140,116,000 after acquiring an additional 523,615 shares during the last quarter. LPL Financial LLC increased its stake in shares of First Trust Long/Short Equity ETF by 18.5% during the 1st quarter. LPL Financial LLC now owns 2,260,242 shares of the company’s stock valued at $144,836,000 after acquiring an additional 352,687 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Long/Short Equity ETF by 82.0% during the 1st quarter. Raymond James Financial Inc. now owns 463,824 shares of the company’s stock valued at $29,722,000 after acquiring an additional 209,019 shares during the last quarter. Royal Bank of Canada increased its stake in shares of First Trust Long/Short Equity ETF by 11.1% during the 1st quarter. Royal Bank of Canada now owns 1,970,369 shares of the company’s stock valued at $126,261,000 after acquiring an additional 196,268 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of First Trust Long/Short Equity ETF by 158.5% during the 1st quarter. Comerica Bank now owns 129,947 shares of the company’s stock valued at $8,327,000 after acquiring an additional 79,673 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

NYSEARCA FTLS opened at $69.70 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $70.49. The company has a 50-day moving average of $68.77 and a 200-day moving average of $66.31. The company has a market cap of $2.01 billion, a P/E ratio of 21.59 and a beta of 0.51.

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.