Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $32.08 and traded as low as $31.74. First Trust Alternative Absolute Return Strategy ETF shares last traded at $31.83, with a volume of 49,967 shares traded.
First Trust Alternative Absolute Return Strategy ETF Price Performance
The business has a fifty day moving average of $32.23 and a 200-day moving average of $32.12.
First Trust Alternative Absolute Return Strategy ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.1372 per share. This is a decrease from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440. The ex-dividend date was Thursday, September 24th. This represents a $0.55 dividend on an annualized basis and a yield of 1.7%.
Institutional Trading of First Trust Alternative Absolute Return Strategy ETF
Several institutional investors and hedge funds have recently modified their holdings of FAAR. First Trust Advisors LP grew its position in First Trust Alternative Absolute Return Strategy ETF by 11.0% in the 1st quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock worth $10,213,000 after purchasing an additional 29,955 shares in the last quarter. Cetera Investment Advisers increased its stake in First Trust Alternative Absolute Return Strategy ETF by 9.1% in the 1st quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock valued at $8,356,000 after buying an additional 20,736 shares during the last quarter. RFG Advisory LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 40.4% during the 2nd quarter. RFG Advisory LLC now owns 169,240 shares of the company’s stock worth $5,351,000 after buying an additional 48,676 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 90.0% during the 3rd quarter. Simplicity Wealth LLC now owns 154,290 shares of the company’s stock worth $4,975,000 after buying an additional 73,104 shares in the last quarter. Finally, Center For Asset Management LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 6.6% during the 3rd quarter. Center For Asset Management LLC now owns 128,611 shares of the company’s stock worth $4,147,000 after buying an additional 7,946 shares in the last quarter.
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.
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