Concourse Financial Group Securities Inc. Decreases Stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Concourse Financial Group Securities Inc. lessened its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report) by 39.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,956 shares of the company’s stock after selling 3,825 shares during the quarter. Concourse Financial Group Securities Inc. owned 0.13% of First Trust Alternative Absolute Return Strategy ETF worth $171,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Securities Inc. acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth about $35,000. Larson Financial Group LLC raised 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 acquiring an additional 1,246 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth about $116,000. CreativeOne Wealth LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth about $249,000. Finally, Signal Advisors Wealth LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 5.0% during the 1st quarter. Signal Advisors Wealth LLC now owns 9,663 shares of the company’s stock worth $278,000 after acquiring an additional 459 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.1 %

FAAR opened at $28.57 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $27.10 and a 52 week high of $30.00. The business’s 50 day moving average is $28.40 and its two-hundred day moving average is $28.32.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2352 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Thursday, June 27th.

First Trust Alternative Absolute Return Strategy ETF Company Profile

(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.

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

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