Assetmark Inc. Decreases Position in First Trust Alternative Absolute Return Strategy ETF $FAAR

Assetmark Inc. lessened its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 57.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 277,837 shares of the company’s stock after selling 370,938 shares during the quarter. Assetmark Inc. owned approximately 0.06% of First Trust Alternative Absolute Return Strategy ETF worth $9,376,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FAAR. 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 valued at $11,385,000 after purchasing an additional 71,105 shares during the period. First Trust Advisors LP increased its position in First Trust Alternative Absolute Return Strategy ETF by 47.5% in 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 during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 10.4% in the fourth quarter. Cetera Investment Advisers now owns 226,857 shares of the company’s stock valued at $6,148,000 after buying an additional 21,417 shares during the period. Center For Asset Management LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at $3,274,000. Finally, RFG Advisory LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 47.9% during 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.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.2%

FAAR stock opened at $31.33 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $26.73 and a fifty-two week high of $35.81. The stock has a fifty day moving average of $32.72 and a 200-day moving average of $31.83.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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