Concourse Financial Group Securities Inc. Purchases 10,817 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Concourse Financial Group Securities Inc. lifted its position in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 140.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,511 shares of the company’s stock after acquiring an additional 10,817 shares during the period. Concourse Financial Group Securities Inc. owned 0.09% of First Trust Long/Short Equity ETF worth $1,259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in First Trust Long/Short Equity ETF during the third quarter valued at $2,329,000. HighTower Advisors LLC grew its holdings in First Trust Long/Short Equity ETF by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 204,004 shares of the company’s stock worth $13,425,000 after purchasing an additional 1,558 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 valued at $26,909,000 after purchasing an additional 413,979 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 353 shares during the last quarter. Finally, SMART Wealth LLC boosted its position 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 purchasing an additional 1,775 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Up 0.4 %

FTLS stock opened at $61.98 on Friday. The business has a 50 day moving average of $64.31 and a 200 day moving average of $65.40. First Trust Long/Short Equity ETF has a twelve month low of $58.90 and a twelve month high of $69.94. The firm has a market cap of $1.87 billion, a PE ratio of 24.14 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.