Bank of New York Mellon Corp Has $1.92 Million Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Bank of New York Mellon Corp lessened its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 4.3% in the 2nd quarter, Holdings Channel reports. The firm owned 67,467 shares of the company’s stock after selling 3,050 shares during the period. Bank of New York Mellon Corp’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,917,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FAAR. Principal Securities Inc. bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at approximately $35,000. ICA Group Wealth Management LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth $116,000. CreativeOne Wealth LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth $249,000. Signal Advisors Wealth LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 5.0% during the first quarter. Signal Advisors Wealth LLC now owns 9,663 shares of the company’s stock worth $278,000 after acquiring an additional 459 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the first quarter worth $306,000.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.4 %

First Trust Alternative Absolute Return Strategy ETF stock opened at $28.05 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $27.10 and a 1-year high of $29.73. The company has a fifty day simple moving average of $28.44 and a 200 day simple moving average of $28.53.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2352 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, June 27th.

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.