Scotia Capital Inc. Has $625,000 Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Scotia Capital Inc. lowered its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report) by 9.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,869 shares of the company’s stock after selling 2,300 shares during the period. Scotia Capital Inc. owned approximately 0.41% of First Trust Alternative Absolute Return Strategy ETF worth $625,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Principal Securities Inc. bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at about $35,000. Larson Financial Group LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 1,557.5% in the fourth quarter. Larson Financial Group LLC now owns 1,326 shares of the company’s stock valued at $36,000 after acquiring an additional 1,246 shares during the period. CreativeOne Wealth LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at about $249,000. Patriot Financial Group Insurance Agency LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at about $399,000. Finally, Global Retirement Partners LLC increased its stake 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 acquiring an additional 1,586 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ FAAR opened at $28.04 on Wednesday. The company’s 50-day simple moving average is $28.65 and its 200 day simple moving average is $28.23. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a $0.2032 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.81 dividend on an annualized basis and a yield of 2.90%.

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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