Great Valley Advisor Group Inc. Has $241,000 Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Great Valley Advisor Group Inc. cut its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 24.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,811 shares of the company’s stock after selling 2,806 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $241,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FAAR. Larson Financial Group LLC raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 1,557.5% during the 4th quarter. Larson Financial Group LLC now owns 1,326 shares of the company’s stock valued at $36,000 after purchasing an additional 1,246 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth $399,000. Assetmark Inc. raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 258.3% during the third quarter. Assetmark Inc. now owns 15,517 shares of the company’s stock valued at $445,000 after buying an additional 11,186 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 9.4% in the fourth quarter. Global Retirement Partners LLC now owns 18,450 shares of the company’s stock worth $512,000 after buying an additional 1,586 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 9.9% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 18,794 shares of the company’s stock worth $539,000 after acquiring an additional 1,692 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of FAAR stock opened at $28.20 on Tuesday. The stock’s 50 day simple moving average is $28.74 and its 200 day simple moving average is $28.18. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $25.85 and a twelve month high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.2032 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.88%. 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.