Apollon Wealth Management LLC Makes New $202,000 Investment in First Trust Alternative Absolute Return Strategy ETF $FAAR

Apollon Wealth Management LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,287 shares of the company’s stock, valued at approximately $202,000. Apollon Wealth Management LLC owned about 0.20% of First Trust Alternative Absolute Return Strategy ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Simplicity Wealth LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 138.4% in the 2nd quarter. Simplicity Wealth LLC now owns 96,386 shares of the company’s stock valued at $2,675,000 after purchasing an additional 55,949 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 12.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,548 shares of the company’s stock valued at $653,000 after purchasing an additional 2,572 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 78.6% in the 1st quarter. Jane Street Group LLC now owns 26,733 shares of the company’s stock valued at $773,000 after purchasing an additional 11,765 shares in the last quarter. Coppell Advisory Solutions LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 324.5% in the 1st quarter. Coppell Advisory Solutions LLC now owns 185,248 shares of the company’s stock valued at $4,959,000 after purchasing an additional 141,611 shares in the last quarter. Finally, Pinnacle Family Advisors LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1.6% in the 1st quarter. Pinnacle Family Advisors LLC now owns 26,786 shares of the company’s stock valued at $775,000 after purchasing an additional 410 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.7%

NASDAQ FAAR opened at $30.03 on Monday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $25.19 and a 1-year high of $32.19. The business’s 50-day simple moving average is $29.99 and its 200-day simple moving average is $28.33.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company 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 of this dividend was Thursday, September 25th. This represents a $0.70 annualized dividend and a dividend yield of 2.3%. This is an increase 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.