Authentikos Wealth Advisory LLC Trims Holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Authentikos Wealth Advisory LLC trimmed its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,937 shares of the company’s stock after selling 3,324 shares during the period. First Trust Alternative Absolute Return Strategy ETF makes up about 3.0% of Authentikos Wealth Advisory LLC’s portfolio, making the stock its 9th biggest position. Authentikos Wealth Advisory LLC owned about 3.19% of First Trust Alternative Absolute Return Strategy ETF worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TFB Advisors LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the third quarter worth $201,000. Focus Financial Network Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% in the third quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after acquiring an additional 1,040 shares during the period. World Investment Advisors LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter worth about $397,000. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 49.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock worth $402,000 after purchasing an additional 4,739 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 2,475.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock valued at $410,000 after purchasing an additional 14,158 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

First Trust Alternative Absolute Return Strategy ETF stock opened at $28.94 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $27.42 and a 1-year high of $29.44. The company’s 50-day moving average is $28.30 and its 200 day moving average is $28.15.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.

First Trust Alternative Absolute Return Strategy ETF 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.