First Trust Long/Short Equity ETF $FTLS Shares Acquired by Concorde Asset Management LLC

Concorde Asset Management LLC grew its stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 64.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,116 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Concorde Asset Management LLC owned approximately 0.06% of First Trust Long/Short Equity ETF worth $1,357,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Rossby Financial LCC raised its stake in shares of First Trust Long/Short Equity ETF by 25.4% in 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 in the last quarter. Hilltop Holdings Inc. raised its stake in shares of First Trust Long/Short Equity ETF by 2.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,855 shares of the company’s stock valued at $549,000 after purchasing an additional 196 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of First Trust Long/Short Equity ETF by 10.2% in the 4th quarter. J.Safra Asset Management Corp now owns 2,557 shares of the company’s stock valued at $182,000 after purchasing an additional 236 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of First Trust Long/Short Equity ETF by 2.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 13,303 shares of the company’s stock valued at $944,000 after purchasing an additional 259 shares in the last quarter. Finally, Revisor Wealth Management LLC raised its stake in shares of First Trust Long/Short Equity ETF by 2.8% in the 4th quarter. Revisor Wealth Management LLC now owns 9,686 shares of the company’s stock valued at $690,000 after purchasing an additional 265 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Performance

Shares of First Trust Long/Short Equity ETF stock opened at $74.07 on Friday. The firm has a market cap of $2.29 billion, a PE ratio of 21.59 and a beta of 0.50. The firm’s 50-day simple moving average is $73.35 and its 200-day simple moving average is $71.81. First Trust Long/Short Equity ETF has a 1 year low of $64.63 and a 1 year high of $75.06.

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.