Cwm LLC Purchases 2,042 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cwm LLC raised its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 94.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,207 shares of the company’s stock after buying an additional 2,042 shares during the quarter. Cwm LLC’s holdings in First Trust Long/Short Equity ETF were worth $237,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FTLS. Raymond James Financial Services Advisors Inc. lifted its position in First Trust Long/Short Equity ETF by 155.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,733 shares of the company’s stock valued at $941,000 after acquiring an additional 10,174 shares in the last quarter. Cardinal Point Capital Management ULC raised its position in First Trust Long/Short Equity ETF by 3.2% in the 4th quarter. Cardinal Point Capital Management ULC now owns 91,799 shares of the company’s stock worth $5,165,000 after buying an additional 2,883 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in First Trust Long/Short Equity ETF during the 3rd quarter valued at about $976,000. Sowell Financial Services LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 34.8% during the 4th quarter. Sowell Financial Services LLC now owns 84,158 shares of the company’s stock valued at $4,735,000 after acquiring an additional 21,739 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in First Trust Long/Short Equity ETF by 6.7% during the third quarter. Commonwealth Equity Services LLC now owns 85,457 shares of the company’s stock valued at $4,542,000 after purchasing an additional 5,350 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.7 %

NYSEARCA:FTLS opened at $60.13 on Friday. The company has a market cap of $1.12 billion, a PE ratio of 18.96 and a beta of 0.59. The company has a 50 day simple moving average of $60.61 and a two-hundred day simple moving average of $57.84. First Trust Long/Short Equity ETF has a 12 month low of $50.79 and a 12 month high of $61.85.

First Trust Long/Short Equity ETF 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.