First Trust Alternative Absolute Return Strategy ETF $FAAR Stock Holdings Lifted by RFG Advisory LLC

RFG Advisory LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 47.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,564 shares of the company’s stock after acquiring an additional 39,059 shares during the quarter. RFG Advisory LLC owned 2.49% of First Trust Alternative Absolute Return Strategy ETF worth $4,069,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FAAR. Assetmark Inc. boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 335.0% in the 4th quarter. Assetmark Inc. now owns 648,775 shares of the company’s stock worth $17,582,000 after purchasing an additional 499,626 shares during the period. Center For Asset Management LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at $3,274,000. First Trust Advisors LP raised its stake in First Trust Alternative Absolute Return Strategy ETF by 47.5% during the 4th quarter. First Trust Advisors LP now owns 272,684 shares of the company’s stock valued at $7,390,000 after purchasing an additional 87,872 shares during the period. LPL Financial LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 20.4% in 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 in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 39.8% in the fourth quarter. Benjamin Edwards Inc. now owns 100,010 shares of the company’s stock valued at $2,711,000 after purchasing an additional 28,488 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.1%

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $31.73 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $26.73 and a 12 month high of $35.81. The business has a fifty day simple moving average of $33.55 and a 200-day simple moving average of $31.44.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

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.