Atria Wealth Solutions Inc. Lowers Holdings in First Trust Alternative Absolute Return Strategy ETF $FAAR

Atria Wealth Solutions Inc. trimmed its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 56.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,229 shares of the company’s stock after selling 15,917 shares during the period. Atria Wealth Solutions Inc.’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FAAR. Janney Montgomery Scott LLC grew its position in First Trust Alternative Absolute Return Strategy ETF by 46.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,976 shares of the company’s stock valued at $607,000 after buying an additional 6,631 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in First Trust Alternative Absolute Return Strategy ETF by 2.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 63,720 shares of the company’s stock valued at $1,843,000 after buying an additional 1,744 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the first quarter valued at $604,000. Rossby Financial LCC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the first quarter valued at $59,000. Finally, World Investment Advisors lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 78.6% in the first quarter. World Investment Advisors now owns 29,842 shares of the company’s stock valued at $863,000 after acquiring an additional 13,131 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

First Trust Alternative Absolute Return Strategy ETF stock opened at $30.15 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a one year low of $25.19 and a one year high of $32.19. The business has a fifty day moving average of $30.01 and a two-hundred day moving average of $28.36.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.1759 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.3%. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, September 25th.

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.