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

Assetmark Inc. trimmed its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 12.7% during the third quarter, Holdings Channel.com reports. The firm owned 149,149 shares of the company’s stock after selling 21,625 shares during the period. Assetmark Inc.’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $4,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 0.8% in the third quarter. Envestnet Asset Management Inc. now owns 356,788 shares of the company’s stock valued at $10,873,000 after buying an additional 2,982 shares during the last quarter. Coppell Advisory Solutions LLC grew 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 worth $6,773,000 after acquiring an additional 60,764 shares during the period. Osaic Holdings Inc. raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 7.8% in the 2nd quarter. Osaic Holdings Inc. now owns 114,657 shares of the company’s stock valued at $3,190,000 after acquiring an additional 8,332 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 16.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 71,522 shares of the company’s stock valued at $2,180,000 after acquiring an additional 10,102 shares during the last quarter. Finally, RFG Advisory LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 2.7% during the 3rd quarter. RFG Advisory LLC now owns 61,886 shares of the company’s stock worth $1,886,000 after purchasing an additional 1,649 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

FAAR stock opened at $29.13 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.19 and a 52-week high of $33.42. The stock’s fifty day simple moving average is $28.38 and its 200-day simple moving average is $29.46.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $2.6485 dividend. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, December 16th. This represents a $10.59 annualized dividend and a yield of 36.4%.

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.