Stillwater Private Wealth LLC Makes New Investment in First Trust Long/Short Equity ETF $FTLS

Stillwater Private Wealth LLC bought a new stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the first quarter, HoldingsChannel.com reports. The fund bought 26,096 shares of the company’s stock, valued at approximately $1,836,000. First Trust Long/Short Equity ETF comprises 1.6% of Stillwater Private Wealth LLC’s holdings, making the stock its 21st biggest holding.

Other institutional investors also recently made changes to their positions in the company. Tidemark LLC acquired a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter worth approximately $29,000. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Long/Short Equity ETF by 1,462.5% in the 1st quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after purchasing an additional 468 shares during the last quarter. Rossby Financial LCC boosted its position in First Trust Long/Short Equity ETF by 25.4% during the 4th quarter. Rossby Financial LCC now owns 869 shares of the company’s stock valued at $62,000 after purchasing an additional 176 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Long/Short Equity ETF during the 1st quarter valued at approximately $75,000. Finally, Cullen Frost Bankers Inc. grew its stake in First Trust Long/Short Equity ETF by 801.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,470 shares of the company’s stock worth $104,000 after buying an additional 1,307 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of FTLS opened at $74.99 on Friday. First Trust Long/Short Equity ETF has a 12 month low of $65.84 and a 12 month high of $77.52. The stock has a fifty day moving average price of $74.37 and a 200 day moving average price of $72.60. The company has a market cap of $2.46 billion, a P/E ratio of 21.59 and a beta of 0.50.

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.