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

Oppenheimer & Co. Inc. increased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and 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. owned 0.15% of First Trust Long/Short Equity ETF worth $1,836,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC lifted its stake in First Trust Long/Short Equity ETF by 6.1% in the 3rd quarter. Cornerstone Planning Group LLC now owns 183,648 shares of the company’s stock worth $11,785,000 after purchasing an additional 10,609 shares in the last quarter. First Heartland Consultants Inc. lifted its position in shares of First Trust Long/Short Equity ETF by 27.9% in the third quarter. First Heartland Consultants Inc. now owns 9,484 shares of the company’s stock worth $602,000 after buying an additional 2,067 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in First Trust Long/Short Equity ETF during the third quarter valued at approximately $4,435,000. WealthPlan Investment Management LLC grew its holdings in First Trust Long/Short Equity ETF by 4.1% during the 3rd quarter. WealthPlan Investment Management LLC now owns 130,539 shares of the company’s stock valued at $8,285,000 after buying an additional 5,122 shares in the last quarter. Finally, WealthPLAN Partners LLC increased its stake in First Trust Long/Short Equity ETF by 1.0% in the 3rd quarter. WealthPLAN Partners LLC now owns 178,795 shares of the company’s stock worth $11,348,000 after acquiring an additional 1,741 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Performance

NYSEARCA FTLS opened at $65.10 on Monday. The stock has a 50 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 one year low of $54.78 and a one year high of $66.12. The company has a market capitalization of $1.29 billion, a P/E ratio of 19.46 and a beta of 0.62.

First Trust Long/Short Equity ETF Company 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.