Concurrent Investment Advisors LLC Increases Position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Concurrent Investment Advisors LLC lifted its position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLSFree Report) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,347 shares of the company’s stock after buying an additional 723 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FTLS. JPMorgan Chase & Co. raised its stake in First Trust Long/Short Equity ETF by 4,148.1% during the third quarter. JPMorgan Chase & Co. now owns 423,959 shares of the company’s stock worth $26,909,000 after purchasing an additional 413,979 shares during the period. World Investment Advisors LLC purchased a new position in First Trust Long/Short Equity ETF during the third quarter worth approximately $21,644,000. International Assets Investment Management LLC raised its stake in First Trust Long/Short Equity ETF by 4,639.2% during the third quarter. International Assets Investment Management LLC now owns 310,702 shares of the company’s stock worth $197,200,000 after purchasing an additional 304,146 shares during the period. LPL Financial LLC raised its stake in First Trust Long/Short Equity ETF by 9.7% during the third quarter. LPL Financial LLC now owns 1,712,896 shares of the company’s stock worth $108,718,000 after purchasing an additional 150,887 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in First Trust Long/Short Equity ETF during the fourth quarter worth approximately $6,433,000.

First Trust Long/Short Equity ETF Stock Down 1.5 %

NYSEARCA:FTLS opened at $66.63 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of 19.46 and a beta of 0.62. First Trust Long/Short Equity ETF has a fifty-two week low of $58.92 and a fifty-two week high of $69.94. The firm’s 50 day moving average is $67.07 and its two-hundred day moving average is $65.17.

About First Trust Long/Short Equity ETF

(Free Report)

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.

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Want to see what other hedge funds are holding FTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Long/Short Equity ETF (NYSEARCA:FTLSFree Report).

Institutional Ownership by Quarter for First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

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