IFP Advisors Inc Has $1.06 Million Holdings in First Trust Alternative Absolute Return Strategy ETF $FAAR

IFP Advisors Inc reduced its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,301 shares of the company’s stock after selling 2,943 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,063,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lord & Richards Wealth Management LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter valued at $33,000. Rossby Financial LCC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter valued at $59,000. TFB Advisors LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 43.0% during the 1st quarter. TFB Advisors LLC now owns 13,065 shares of the company’s stock valued at $378,000 after purchasing an additional 3,929 shares during the last quarter. Advisors Preferred LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter valued at $473,000. Finally, Park Avenue Securities LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 4.7% during the 1st quarter. Park Avenue Securities LLC now owns 16,539 shares of the company’s stock valued at $478,000 after purchasing an additional 739 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Down 1.3%

NASDAQ:FAAR opened at $30.00 on Monday. First Trust Alternative Absolute Return Strategy ETF has a one year low of $25.19 and a one year high of $32.19. The company has a fifty day moving average price of $29.82 and a 200 day moving average price of $28.28.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

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.