First Trust Advisors LP Raises Stock Position in First Trust Alternative Absolute Return Strategy ETF $FAAR

First Trust Advisors LP grew its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 11.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 302,639 shares of the company’s stock after purchasing an additional 29,955 shares during the period. First Trust Advisors LP owned 0.06% of First Trust Alternative Absolute Return Strategy ETF worth $10,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FAAR. Jane Street Group LLC boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 78.6% in the first quarter. Jane Street Group LLC now owns 26,733 shares of the company’s stock valued at $773,000 after acquiring an additional 11,765 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 48.4% during the second quarter. Benjamin Edwards Inc. now owns 61,420 shares of the company’s stock worth $1,704,000 after purchasing an additional 20,036 shares during the last quarter. FSB Premier Wealth Management Inc. increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 16.6% during the second quarter. FSB Premier Wealth Management Inc. now owns 10,112 shares of the company’s stock worth $281,000 after purchasing an additional 1,437 shares in the last quarter. GeoWealth Management LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 3.4% in the 3rd quarter. GeoWealth Management LLC now owns 27,297 shares of the company’s stock valued at $832,000 after purchasing an additional 890 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at about $372,000.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ FAAR opened at $31.16 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $26.73 and a 52-week high of $35.81. The business has a 50-day moving average price of $32.19 and a 200 day moving average price of $32.04.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.144 per share. This represents a $0.58 annualized dividend and a yield of 1.8%. This is a positive change 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.

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.