First Trust Long/Short Equity ETF (NYSEARCA:FTLS) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,347 shares of the company’s stock after acquiring an additional 723 shares during the period. Concurrent Investment Advisors LLC owned about 0.11% of First Trust Long/Short Equity ETF worth $1,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth about $36,000. Blue Trust Inc. acquired a new position in First Trust Long/Short Equity ETF during the fourth quarter worth about $52,000. Principal Securities Inc. raised its position in First Trust Long/Short Equity ETF by 31.9% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the company’s stock worth $63,000 after acquiring an additional 231 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Long/Short Equity ETF in the third quarter valued at approximately $75,000. Finally, GAMMA Investing LLC lifted its stake in shares of First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock valued at $112,000 after buying an additional 353 shares during the period.

First Trust Long/Short Equity ETF Stock Performance

Shares of FTLS opened at $66.63 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 19.46 and a beta of 0.62. The company’s 50 day simple moving average is $67.07 and its 200 day simple moving average is $65.17. First Trust Long/Short Equity ETF has a 1 year low of $58.92 and a 1 year high of $69.94.

About First Trust Long/Short Equity ETF

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.