First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) to Issue Quarterly Dividend of $0.18

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) announced a quarterly dividend on Wednesday, June 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 26th will be paid a dividend of 0.1753 per share on Monday, June 30th. This represents a $0.70 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, June 26th. This is a 14.4% increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.15.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.8%

FAAR stock opened at $27.83 on Friday. First Trust Alternative Absolute Return Strategy ETF has a one year low of $25.19 and a one year high of $31.10. The company has a fifty day moving average price of $27.14 and a two-hundred day moving average price of $27.79.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

An institutional investor recently raised its position in First Trust Alternative Absolute Return Strategy ETF stock. Jane Street Group LLC increased its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 78.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,733 shares of the company’s stock after buying an additional 11,765 shares during the period. Jane Street Group LLC owned 0.76% of First Trust Alternative Absolute Return Strategy ETF worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

About First Trust Alternative Absolute Return Strategy ETF

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.