7,287 Shares in First Trust Alternative Absolute Return Strategy ETF $FAAR Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,287 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FAAR. Janney Montgomery Scott LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 46.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,976 shares of the company’s stock worth $607,000 after acquiring an additional 6,631 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in First Trust Alternative Absolute Return Strategy ETF by 2.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 63,720 shares of the company’s stock worth $1,843,000 after acquiring an additional 1,744 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth approximately $604,000. Rossby Financial LCC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth approximately $59,000. Finally, World Investment Advisors increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 78.6% during the 1st quarter. World Investment Advisors now owns 29,842 shares of the company’s stock worth $863,000 after purchasing an additional 13,131 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

FAAR stock opened at $30.03 on Monday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.19 and a 52-week high of $32.19. The stock’s 50 day moving average is $29.99 and its two-hundred day moving average is $28.33.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.1759 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.70 annualized dividend and a yield of 2.3%. This is a boost 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.