Concurrent Investment Advisors LLC Invests $725,000 in First Trust Long/Short Equity ETF $FTLS

Concurrent Investment Advisors LLC bought a new position in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,210 shares of the company’s stock, valued at approximately $725,000.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the third quarter worth $25,000. GPS Wealth Strategies Group LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 87.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 399 shares of the company’s stock worth $28,000 after buying an additional 186 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of First Trust Long/Short Equity ETF during the third quarter worth $28,000. Jones Financial Companies Lllp grew its holdings in shares of First Trust Long/Short Equity ETF by 1,462.5% during the first quarter. Jones Financial Companies Lllp now owns 500 shares of the company’s stock worth $30,000 after buying an additional 468 shares in the last quarter. Finally, Rossby Financial LCC grew its holdings in shares of First Trust Long/Short Equity ETF by 48.1% during the third quarter. Rossby Financial LCC now owns 693 shares of the company’s stock worth $49,000 after buying an additional 225 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.2%

First Trust Long/Short Equity ETF stock opened at $73.65 on Friday. First Trust Long/Short Equity ETF has a 52-week low of $63.67 and a 52-week high of $74.08. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.59 and a beta of 0.51. The company has a fifty day simple moving average of $71.16 and a 200-day simple moving average of $71.06.

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.