Cwm LLC Grows Stock Holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cwm LLC grew its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 94.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,207 shares of the company’s stock after purchasing 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 hedge funds have also made changes to their positions in the business. NBC Securities Inc. purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter valued at about $72,000. Allworth Financial LP purchased a new stake in First Trust Long/Short Equity ETF in the fourth quarter valued at approximately $114,000. Fermata Advisors LLC acquired a new position in First Trust Long/Short Equity ETF during the third quarter worth approximately $200,000. Assetmark Inc. raised its stake in First Trust Long/Short Equity ETF by 257.3% during the third quarter. Assetmark Inc. now owns 3,887 shares of the company’s stock worth $207,000 after purchasing an additional 2,799 shares during the period. Finally, Western Wealth Management LLC boosted its holdings in shares of First Trust Long/Short Equity ETF by 8.2% in the 4th quarter. Western Wealth Management LLC now owns 4,116 shares of the company’s stock valued at $232,000 after purchasing an additional 312 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.7 %

FTLS stock opened at $60.13 on Friday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 18.96 and a beta of 0.59. The business has a fifty day simple moving average of $60.61 and a 200-day simple moving average of $57.84. First Trust Long/Short Equity ETF has a 52 week low of $50.79 and a 52 week high of $61.85.

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.