Cardinal Point Capital Management ULC Increases Stock Position in First Trust Long/Short Equity ETF $FTLS

Cardinal Point Capital Management ULC raised its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 8.7% in the first quarter, according to its most recent Form 13F filing with the SEC. 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 owned about 0.48% of First Trust Long/Short Equity ETF 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. Burkett Financial Services LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $28,000. Tidemark LLC acquired a new position in First Trust Long/Short Equity ETF in the 4th quarter worth about $29,000. Jones Financial Companies Lllp raised its holdings in First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares during the period. Rossby Financial LCC boosted its position in First Trust Long/Short Equity ETF by 25.4% during the fourth quarter. Rossby Financial LCC now owns 869 shares of the company’s stock worth $62,000 after purchasing an additional 176 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in First Trust Long/Short Equity ETF by 801.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after purchasing an additional 1,307 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 0.5%

Shares of FTLS 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’s 50 day moving average is $73.84 and its two-hundred day moving average is $72.00. The firm has a market cap of $2.29 billion, a P/E ratio of 21.59 and a beta of 0.50.

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.