Concorde Asset Management LLC Purchases New Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Concorde Asset Management LLC purchased a new stake in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,787 shares of the company’s stock, valued at approximately $447,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTLS. Jane Street Group LLC bought a new position in shares of First Trust Long/Short Equity ETF during the third quarter valued at about $2,329,000. World Investment Advisors LLC purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter valued at about $1,260,000. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Long/Short Equity ETF during the 3rd quarter worth approximately $75,000. SMART Wealth LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 10.0% in the 3rd quarter. SMART Wealth LLC now owns 19,457 shares of the company’s stock worth $1,235,000 after buying an additional 1,775 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Trust Long/Short Equity ETF by 4,148.1% in the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock valued at $26,909,000 after acquiring an additional 413,979 shares in the last quarter.

First Trust Long/Short Equity ETF Trading Down 1.4 %

Shares of FTLS opened at $61.81 on Friday. The stock has a 50 day moving average of $64.96 and a 200 day moving average of $65.44. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 24.14 and a beta of 0.50. First Trust Long/Short Equity ETF has a 12 month low of $58.90 and a 12 month high of $69.94.

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.