First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,362 shares of the company’s stock after purchasing an additional 7,113 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.79% of First Trust Alternative Absolute Return Strategy ETF worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stratos Wealth Partners LTD. boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 1.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 27,314 shares of the company’s stock worth $747,000 after buying an additional 470 shares during the period. Larson Financial Group LLC boosted its position 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 worth $36,000 after purchasing an additional 1,246 shares during the period. Principal Securities Inc. acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at approximately $35,000. Global Retirement Partners LLC raised its position in 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 valued at $512,000 after purchasing an additional 1,586 shares during the period. Finally, Jaffetilchin Investment Partners LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 9.9% during the third quarter. Jaffetilchin Investment Partners LLC now owns 18,794 shares of the company’s stock worth $539,000 after purchasing an additional 1,692 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.7 %

Shares of NASDAQ FAAR opened at $28.24 on Monday. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $25.85 and a twelve month high of $30.00. The stock has a fifty day simple moving average of $28.67 and a 200-day simple moving average of $28.23.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.2032 dividend. This represents a $0.81 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 21st.

About First Trust Alternative Absolute Return Strategy ETF

(Free Report)

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.

Further Reading

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

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