Assetmark Inc. Sells 370,938 Shares of First Trust Alternative Absolute Return Strategy ETF $FAAR

Assetmark Inc. trimmed its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 57.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,837 shares of the company’s stock after selling 370,938 shares during the quarter. Assetmark Inc. owned 5.73% of First Trust Alternative Absolute Return Strategy ETF worth $9,376,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Center For Asset Management LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at about $3,274,000. First Trust Advisors LP grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 47.5% during the fourth quarter. First Trust Advisors LP now owns 272,684 shares of the company’s stock worth $7,390,000 after buying an additional 87,872 shares in the last quarter. LPL Financial LLC grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 20.4% during the fourth quarter. LPL Financial LLC now owns 420,109 shares of the company’s stock worth $11,385,000 after buying an additional 71,105 shares in the last quarter. RFG Advisory LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 47.9% in the 1st quarter. RFG Advisory LLC now owns 120,564 shares of the company’s stock valued at $4,069,000 after buying an additional 39,059 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its position in First Trust Alternative Absolute Return Strategy ETF by 39.8% in the 4th quarter. Benjamin Edwards Inc. now owns 100,010 shares of the company’s stock valued at $2,711,000 after buying an additional 28,488 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of NASDAQ:FAAR opened at $31.33 on Tuesday. The stock’s fifty day simple moving average is $32.72 and its two-hundred day simple moving average is $31.83. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $26.73 and a 1-year high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.144 dividend. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, June 25th.

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.