Cetera Advisor Networks LLC Has $4.68 Million Stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Cetera Advisor Networks LLC reduced its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,279 shares of the company’s stock after selling 6,101 shares during the period. Cetera Advisor Networks LLC owned about 3.06% of First Trust Alternative Absolute Return Strategy ETF worth $4,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 58.7% during the 3rd quarter. HighTower Advisors LLC now owns 237,413 shares of the company’s stock worth $6,819,000 after buying an additional 87,828 shares in the last quarter. International Assets Investment Management LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at approximately $2,880,000. Walkner Condon Financial Advisors LLC boosted its position in First Trust Alternative Absolute Return Strategy ETF by 818.5% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 96,475 shares of the company’s stock valued at $2,639,000 after purchasing an additional 85,971 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in First Trust Alternative Absolute Return Strategy ETF by 7.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,859 shares of the company’s stock valued at $2,184,000 after purchasing an additional 5,516 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% during the 4th quarter. IFP Advisors Inc now owns 72,368 shares of the company’s stock worth $1,979,000 after purchasing an additional 5,407 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ:FAAR opened at $28.35 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $26.42 and a 1-year high of $30.00. The firm has a fifty day simple moving average of $28.61 and a 200 day simple moving average of $28.23.

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 given a $0.2032 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date 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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