First Trust Alternative Absolute Return Strategy ETF $FAAR Stock Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 90.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,290 shares of the company’s stock after purchasing an additional 73,104 shares during the quarter. Simplicity Wealth LLC owned about 2.03% of First Trust Alternative Absolute Return Strategy ETF worth $4,975,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vima LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 1.4% during the 3rd quarter. Vima LLC now owns 33,441 shares of the company’s stock worth $1,078,000 after buying an additional 467 shares in the last quarter. HBW Advisory Services LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 7.0% during the 1st quarter. HBW Advisory Services LLC now owns 8,028 shares of the company’s stock worth $271,000 after buying an additional 526 shares during the period. CoreCap Advisors LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 18.2% during the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock worth $108,000 after buying an additional 527 shares during the period. Signal Advisors Wealth LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 35.4% during the 3rd quarter. Signal Advisors Wealth LLC now owns 9,901 shares of the company’s stock worth $319,000 after buying an additional 2,591 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth approximately $120,000.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.0%

NASDAQ:FAAR opened at $32.79 on Monday. The company has a fifty day moving average of $32.00 and a 200-day moving average of $32.42. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.73 and a twelve month high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.1372 per share. This is a drop from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440. This represents a $0.55 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 24th.

First Trust Alternative Absolute Return Strategy ETF Company 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.