First Trust Long/Short Equity ETF $FTLS Stock Position Raised by Concorde Asset Management LLC

Concorde Asset Management LLC lifted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 64.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,116 shares of the company’s stock after buying an additional 7,500 shares during the period. Concorde Asset Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,357,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Burkett Financial Services LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the 3rd quarter valued at about $28,000. Tidemark LLC bought a new stake in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at about $29,000. Jones Financial Companies Lllp grew its position in shares of First Trust Long/Short Equity ETF by 1,462.5% during the 1st 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 last quarter. Rossby Financial LCC grew its position in shares of First Trust Long/Short Equity ETF by 48.1% during the 3rd quarter. Rossby Financial LCC now owns 693 shares of the company’s stock valued at $49,000 after buying an additional 225 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of 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 valued at $104,000 after buying an additional 1,307 shares during the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.5%

Shares of NYSEARCA:FTLS opened at $74.07 on Friday. First Trust Long/Short Equity ETF has a fifty-two week low of $64.63 and a fifty-two week high of $75.06. The firm has a 50-day simple moving average of $73.35 and a 200 day simple moving average of $71.81. The company has a market cap of $2.29 billion, a PE 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.