Flow Traders U.S. LLC Invests $605,000 in First Trust Alternative Absolute Return Strategy ETF $FAAR

Flow Traders U.S. LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,805 shares of the company’s stock, valued at approximately $605,000.

A number of other hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 47.5% in the first quarter. Benjamin Edwards Inc. now owns 41,384 shares of the company’s stock valued at $1,197,000 after buying an additional 13,326 shares during the last quarter. TFB Advisors LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 43.0% in the 1st quarter. TFB Advisors LLC now owns 13,065 shares of the company’s stock worth $378,000 after acquiring an additional 3,929 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 7.5% in the 1st quarter. CreativeOne Wealth LLC now owns 51,878 shares of the company’s stock valued at $1,500,000 after acquiring an additional 3,600 shares during the last quarter. Pinnacle Family Advisors LLC increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 1.6% in the 1st quarter. Pinnacle Family Advisors LLC now owns 26,786 shares of the company’s stock valued at $775,000 after acquiring an additional 410 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 324.5% during the 1st quarter. Coppell Advisory Solutions LLC now owns 185,248 shares of the company’s stock valued at $4,959,000 after acquiring an additional 141,611 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.2%

First Trust Alternative Absolute Return Strategy ETF stock opened at $30.15 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $25.19 and a 12 month high of $33.42. The company has a fifty day moving average price of $30.31 and a two-hundred day moving average price of $29.33.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

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.