World Investment Advisors Lowers Holdings in First Trust Alternative Absolute Return Strategy ETF $FAAR

World Investment Advisors lessened its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 53.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,871 shares of the company’s stock after selling 15,971 shares during the period. World Investment Advisors owned approximately 0.39% of First Trust Alternative Absolute Return Strategy ETF worth $385,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Coppell Advisory Solutions LLC grew its stake in First Trust Alternative Absolute Return Strategy ETF by 324.5% during the 1st quarter. Coppell Advisory Solutions LLC now owns 185,248 shares of the company’s stock worth $4,959,000 after purchasing an additional 141,611 shares in the last quarter. Simplicity Wealth LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 138.4% in the 2nd quarter. Simplicity Wealth LLC now owns 96,386 shares of the company’s stock valued at $2,675,000 after buying an additional 55,949 shares during the period. RFG Advisory LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 631.7% during the second quarter. RFG Advisory LLC now owns 60,237 shares of the company’s stock worth $1,672,000 after buying an additional 52,004 shares in the last quarter. Assetmark Inc. grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 28.5% during the first quarter. Assetmark Inc. now owns 163,135 shares of the company’s stock worth $4,718,000 after buying an additional 36,202 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 22.5% in the first quarter. Cetera Investment Advisers now owns 168,533 shares of the company’s stock valued at $4,874,000 after acquiring an additional 30,904 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.3%

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $30.23 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.19 and a 52-week high of $32.19. The company has a 50 day moving average of $30.23 and a 200 day moving average of $28.66.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.1759 per share. The ex-dividend date was Thursday, September 25th. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.3%.

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.