Center For Asset Management LLC Acquires New Stake in First Trust Alternative Absolute Return Strategy ETF $FAAR

Center For Asset Management LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 120,801 shares of the company’s stock, valued at approximately $3,274,000. First Trust Alternative Absolute Return Strategy ETF comprises approximately 1.7% of Center For Asset Management LLC’s portfolio, making the stock its 15th largest holding. Center For Asset Management LLC owned 2.57% of First Trust Alternative Absolute Return Strategy ETF as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Coppell Advisory Solutions LLC raised its holdings in shares of 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 worth $6,773,000 after purchasing an additional 60,764 shares during the period. First Trust Advisors LP raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 17.6% in the 3rd quarter. First Trust Advisors LP now owns 184,812 shares of the company’s stock worth $5,632,000 after purchasing an additional 27,720 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter worth about $605,000. Benjamin Edwards Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 48.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 61,420 shares of the company’s stock worth $1,704,000 after purchasing an additional 20,036 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter worth about $372,000.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

First Trust Alternative Absolute Return Strategy ETF stock opened at $34.01 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $25.19 and a 12 month high of $34.34. The stock’s 50-day moving average is $31.60 and its 200-day moving average is $30.20.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.1087 per share. This represents a $0.43 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, March 26th.

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.