First Trust Alternative Absolute Return Strategy ETF $FAAR Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report) by 11.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 302,639 shares of the company’s stock after acquiring an additional 29,955 shares during the quarter. First Trust Advisors LP owned approximately 6.24% of First Trust Alternative Absolute Return Strategy ETF worth $10,213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FAAR. Sound Income Strategies LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at $31,000. CoreCap Advisors LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 20.9% during the 4th quarter. CoreCap Advisors LLC now owns 2,205 shares of the company’s stock worth $60,000 after purchasing an additional 381 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth $101,000. Ascentis Independent Advisors purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the first quarter valued at $120,000. Finally, Harbour Investments Inc. increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 31.4% in the fourth quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock valued at $153,000 after buying an additional 1,349 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

First Trust Alternative Absolute Return Strategy ETF stock opened at $31.16 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $26.73 and a 1-year high of $35.81. The stock’s fifty day moving average is $32.19 and its two-hundred day moving average is $32.04.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.144 per share. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.58 annualized dividend and a dividend yield of 1.8%.

First Trust Alternative Absolute Return Strategy ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

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