First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 129.8% during the third quarter, Holdings Channel reports. The fund owned 36,632 shares of the company’s stock after acquiring an additional 20,690 shares during the quarter. CreativeOne Wealth LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hershey Financial Advisers LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the second quarter worth $51,000. TFB Advisors LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF during the third quarter worth about $201,000. Benjamin F. Edwards & Company Inc. boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 3.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock worth $377,000 after buying an additional 398 shares during the last quarter. Focus Financial Network Inc. grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after buying an additional 1,040 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter valued at about $411,000.

First Trust Alternative Absolute Return Strategy ETF Price Performance

FAAR opened at $27.94 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.10 and a 1 year high of $29.44. The company’s 50 day simple moving average is $27.84 and its 200 day simple moving average is $28.21.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.201 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.88%.

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.