First Trust Alternative Absolute Return Strategy ETF $FAAR Shares Sold by Assetmark Inc.

Assetmark Inc. trimmed its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,149 shares of the company’s stock after selling 21,625 shares during the period. Assetmark Inc. owned about 3.98% of First Trust Alternative Absolute Return Strategy ETF worth $4,545,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FAAR. Coppell Advisory Solutions LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 32.8% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 246,012 shares of the company’s stock valued at $6,773,000 after purchasing an additional 60,764 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at $605,000. Benjamin Edwards Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 48.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 61,420 shares of the company’s stock worth $1,704,000 after buying an additional 20,036 shares during the last quarter. Balboa Wealth Partners purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter worth about $474,000. Finally, Jane Street Group LLC boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 78.6% in the 1st quarter. Jane Street Group LLC now owns 26,733 shares of the company’s stock worth $773,000 after buying an additional 11,765 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

NASDAQ:FAAR opened at $29.13 on Wednesday. The firm has a 50-day moving average price of $28.38 and a two-hundred day moving average price of $29.46. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $25.19 and a twelve month high of $33.42.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $2.6485 per share. The ex-dividend date was Tuesday, December 16th. This represents a $10.59 annualized dividend and a dividend yield of 36.4%. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

About First Trust Alternative Absolute Return Strategy ETF

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.