Concourse Financial Group Securities Inc. Boosts Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Concourse Financial Group Securities Inc. increased its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 140.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,511 shares of the company’s stock after purchasing an additional 10,817 shares during the period. Concourse Financial Group Securities Inc.’s holdings in First Trust Long/Short Equity ETF were worth $1,259,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings 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 during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Long/Short Equity ETF during the 4th quarter valued at $16,769,000. LPL Financial LLC boosted its stake in shares of First Trust Long/Short Equity ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 1,907,555 shares of the company’s stock worth $125,536,000 after buying an additional 194,659 shares during the last quarter. Ethos Financial Group LLC grew its holdings in shares of First Trust Long/Short Equity ETF by 4,297.8% in the fourth quarter. Ethos Financial Group LLC now owns 156,299 shares of the company’s stock worth $10,286,000 after acquiring an additional 152,745 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the fourth quarter worth $6,433,000.

First Trust Long/Short Equity ETF Stock Performance

FTLS stock opened at $61.98 on Friday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 24.14 and a beta of 0.50. The business’s 50-day moving average is $64.31 and its two-hundred day moving average is $65.40. First Trust Long/Short Equity ETF has a fifty-two week low of $58.90 and a fifty-two week high of $69.94.

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.