IFP Advisors Inc Increases Stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

IFP Advisors Inc raised its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 24.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,900 shares of the company’s stock after purchasing an additional 8,763 shares during the period. IFP Advisors Inc owned 1.27% of First Trust Alternative Absolute Return Strategy ETF worth $1,230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FAAR. Assetmark Inc. lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 138.1% in the 3rd quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock valued at $3,222,000 after purchasing an additional 67,136 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 129.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 36,632 shares of the company’s stock valued at $1,019,000 after purchasing an additional 20,690 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter worth $397,000. Benjamin Edwards Inc. raised its holdings in shares of 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 worth $410,000 after acquiring an additional 14,158 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% during the 3rd quarter. Captrust Financial Advisors now owns 145,648 shares of the company’s stock worth $4,053,000 after acquiring an additional 10,941 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.2 %

NASDAQ FAAR opened at $28.19 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $27.42 and a 52 week high of $31.10. The business’s fifty day simple moving average is $28.40 and its 200-day simple moving average is $28.16.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

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

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.