Cwm LLC Sells 12,326 Shares of First Trust Long/Short Equity ETF $FTLS

Cwm LLC cut its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,970 shares of the company’s stock after selling 12,326 shares during the quarter. Cwm LLC owned about 0.60% of First Trust Long/Short Equity ETF worth $12,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creekmur Asset Management LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the 2nd quarter worth about $27,000. Jones Financial Companies Lllp boosted its position in shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock valued at $30,000 after buying an additional 468 shares during the period. Farther Finance Advisors LLC grew its stake in shares of First Trust Long/Short Equity ETF by 456.0% during the second quarter. Farther Finance Advisors LLC now owns 467 shares of the company’s stock valued at $31,000 after buying an additional 383 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of First Trust Long/Short Equity ETF in the third quarter worth approximately $79,000. Finally, Sage Mountain Advisors LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the 2nd quarter worth approximately $201,000.

First Trust Long/Short Equity ETF Stock Down 0.0%

Shares of First Trust Long/Short Equity ETF stock opened at $71.75 on Monday. The stock’s fifty day moving average is $70.96 and its two-hundred day moving average is $68.66. First Trust Long/Short Equity ETF has a 52 week low of $58.90 and a 52 week high of $72.20. The company has a market capitalization of $2.09 billion, a PE ratio of 21.59 and a beta of 0.48.

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.