International Assets Investment Management LLC Purchases Shares of 105,298 First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

International Assets Investment Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 105,298 shares of the company’s stock, valued at approximately $2,880,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 25.2% in the second quarter. Osaic Holdings Inc. now owns 365,916 shares of the company’s stock valued at $10,320,000 after buying an additional 73,691 shares during the period. AE Wealth Management LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 1.8% in the third quarter. AE Wealth Management LLC now owns 363,717 shares of the company’s stock valued at $10,439,000 after buying an additional 6,267 shares during the period. Cetera Investment Advisers lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 145.6% in the fourth quarter. Cetera Investment Advisers now owns 263,833 shares of the company’s stock valued at $7,883,000 after buying an additional 156,421 shares during the period. HighTower Advisors LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 58.7% in the third quarter. HighTower Advisors LLC now owns 237,413 shares of the company’s stock valued at $6,819,000 after buying an additional 87,828 shares during the period. Finally, Cetera Advisor Networks LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 1,902.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 228,042 shares of the company’s stock valued at $6,814,000 after buying an additional 216,656 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of FAAR opened at $29.02 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.85 and a 52-week high of $30.00. The business’s 50 day moving average price is $28.67 and its two-hundred day moving average price is $28.10.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.2032 dividend. This represents a $0.81 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, March 21st.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.