Oppenheimer & Co. Inc. Raises Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Oppenheimer & Co. Inc. increased its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 15.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,932 shares of the company’s stock after purchasing an additional 3,885 shares during the period. Oppenheimer & Co. Inc.’s holdings in First Trust Long/Short Equity ETF were worth $1,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. LPL Financial LLC raised its stake in shares of First Trust Long/Short Equity ETF by 27.3% in the second quarter. LPL Financial LLC now owns 1,562,009 shares of the company’s stock worth $97,766,000 after purchasing an additional 335,072 shares during the last quarter. International Assets Investment Management LLC raised its position in First Trust Long/Short Equity ETF by 4,639.2% during the third quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock valued at $197,200,000 after acquiring an additional 304,146 shares in the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Long/Short Equity ETF by 557.2% in the first quarter. Cetera Investment Advisers now owns 283,043 shares of the company’s stock valued at $17,452,000 after acquiring an additional 239,972 shares during the period. EdgeRock Capital LLC purchased a new stake in First Trust Long/Short Equity ETF in the 2nd quarter worth approximately $5,525,000. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $4,435,000.

First Trust Long/Short Equity ETF Price Performance

FTLS opened at $65.10 on Monday. The stock has a market cap of $1.29 billion, a P/E ratio of 19.46 and a beta of 0.62. The firm has a fifty day moving average price of $63.89 and a 200 day moving average price of $62.80. First Trust Long/Short Equity ETF has a 1 year low of $54.78 and a 1 year high of $66.12.

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.