First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARGet Rating) by 17.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,228 shares of the company’s stock after purchasing an additional 15,598 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 1.59% of First Trust Alternative Absolute Return Strategy ETF worth $3,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FAAR. Raymond James & Associates boosted its position in First Trust Alternative Absolute Return Strategy ETF by 11.1% during the 1st quarter. Raymond James & Associates now owns 28,747 shares of the company’s stock valued at $973,000 after purchasing an additional 2,863 shares during the period. Bank of New York Mellon Corp increased its position in First Trust Alternative Absolute Return Strategy ETF by 80.0% in the 1st quarter. Bank of New York Mellon Corp now owns 19,583 shares of the company’s stock valued at $663,000 after acquiring an additional 8,702 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in First Trust Alternative Absolute Return Strategy ETF by 43.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,029 shares of the company’s stock valued at $1,152,000 after acquiring an additional 10,296 shares during the period. Private Advisor Group LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at approximately $264,000. Finally, Equitable Holdings Inc. acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at approximately $609,000.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

FAAR opened at $29.96 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $28.61 and a 12 month high of $37.94. The stock’s 50 day moving average price is $30.39 and its 200 day moving average price is $31.58.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were given a $1.736 dividend. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.00. This represents a $6.94 annualized dividend and a yield of 23.18%. The ex-dividend date of this dividend was Thursday, December 15th.

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

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