Envestnet Asset Management Inc. Cuts Holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Envestnet Asset Management Inc. lessened its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARGet Rating) by 6.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 510,533 shares of the company’s stock after selling 32,460 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of First Trust Alternative Absolute Return Strategy ETF worth $17,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AE Wealth Management LLC grew its stake in First Trust Alternative Absolute Return Strategy ETF by 3.5% in the 1st quarter. AE Wealth Management LLC now owns 17,344 shares of the company’s stock worth $587,000 after buying an additional 584 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 5.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 11,820 shares of the company’s stock valued at $340,000 after purchasing an additional 643 shares in the last quarter. FSB Premier Wealth Management Inc. boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 9.3% in the 1st quarter. FSB Premier Wealth Management Inc. now owns 9,409 shares of the company’s stock valued at $326,000 after purchasing an additional 804 shares in the last quarter. Holloway Wealth Management LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 11.5% in the 4th quarter. Holloway Wealth Management LLC now owns 10,708 shares of the company’s stock valued at $308,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 7.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 15,557 shares of the company’s stock valued at $447,000 after purchasing an additional 1,106 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.4 %

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $32.26 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $28.54 and a 52-week high of $37.94. The company has a fifty day moving average of $33.58 and a 200-day moving average of $33.18.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Monday, June 27th were paid a $0.003 dividend. The ex-dividend date was Friday, June 24th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.04%.

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Institutional Ownership by Quarter for First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

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