Captrust Financial Advisors Reduces Stock Holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Captrust Financial Advisors reduced its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,131 shares of the company’s stock after selling 2,517 shares during the quarter. Captrust Financial Advisors owned approximately 4.15% of First Trust Alternative Absolute Return Strategy ETF worth $4,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Tucker Asset Management LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 54.1% in the 4th quarter. Tucker Asset Management LLC now owns 2,508 shares of the company’s stock valued at $70,000 after acquiring an additional 880 shares during the period. Concourse Financial Group Securities Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 7.5% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 5,452 shares of the company’s stock valued at $155,000 after purchasing an additional 379 shares during the period. Maripau Wealth Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth about $213,000. TFB Advisors LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 26.3% in the 4th quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock worth $256,000 after purchasing an additional 1,904 shares in the last quarter. Finally, LaSalle St. Investment Advisors LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at $399,000.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.4 %

Shares of FAAR stock opened at $26.84 on Friday. The business has a 50-day moving average price of $27.35 and a two-hundred day moving average price of $27.90. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $25.19 and a 12-month high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1533 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.