Cwm LLC Sells 1,514 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Cwm LLC trimmed its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,594 shares of the company’s stock after selling 1,514 shares during the quarter. Cwm LLC owned 0.10% of First Trust Long/Short Equity ETF worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management raised its position in First Trust Long/Short Equity ETF by 11.2% during the 3rd quarter. Brookstone Capital Management now owns 7,363 shares of the company’s stock valued at $467,000 after purchasing an additional 740 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of First Trust Long/Short Equity ETF by 10.3% during the third quarter. Atomi Financial Group Inc. now owns 105,870 shares of the company’s stock valued at $6,720,000 after acquiring an additional 9,915 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in First Trust Long/Short Equity ETF by 25.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,894 shares of the company’s stock worth $818,000 after acquiring an additional 2,592 shares during the period. Cardinal Point Capital Management ULC boosted its holdings in First Trust Long/Short Equity ETF by 23.6% in the third quarter. Cardinal Point Capital Management ULC now owns 120,174 shares of the company’s stock valued at $7,627,000 after acquiring an additional 22,915 shares in the last quarter. Finally, Richard P Slaughter Associates Inc increased its position in First Trust Long/Short Equity ETF by 34.8% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 106,628 shares of the company’s stock valued at $6,768,000 after purchasing an additional 27,526 shares during the period.

First Trust Long/Short Equity ETF Trading Up 0.4 %

NYSEARCA:FTLS opened at $64.66 on Thursday. The company has a 50-day moving average price of $63.01 and a 200-day moving average price of $62.09. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a 12 month low of $52.15 and a 12 month high of $64.74.

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.