AE Wealth Management LLC Has $477,000 Stock Position in First Trust Alternative Absolute Return Strategy ETF $FAAR

AE Wealth Management LLC lowered its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 35.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,207 shares of the company’s stock after selling 9,257 shares during the quarter. AE Wealth Management LLC owned 0.48% of First Trust Alternative Absolute Return Strategy ETF worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. BlueChip Wealth Advisors LLC grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 45.7% in the first quarter. BlueChip Wealth Advisors LLC now owns 25,054 shares of the company’s stock worth $725,000 after purchasing an additional 7,853 shares during the period. Advisors Preferred LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter worth approximately $473,000. Cetera Investment Advisers lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 22.5% during the first quarter. Cetera Investment Advisers now owns 168,533 shares of the company’s stock valued at $4,874,000 after purchasing an additional 30,904 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 28.5% in the first quarter. Assetmark Inc. now owns 163,135 shares of the company’s stock worth $4,718,000 after acquiring an additional 36,202 shares during the period. Finally, LPL Financial LLC boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 7.3% in the first quarter. LPL Financial LLC now owns 230,355 shares of the company’s stock valued at $6,662,000 after acquiring an additional 15,621 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

First Trust Alternative Absolute Return Strategy ETF stock opened at $30.57 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $25.19 and a 52 week high of $32.19. The business has a 50-day simple moving average of $30.31 and a 200 day simple moving average of $28.86.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

First Trust Alternative Absolute Return Strategy ETF 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.