Horizon Advisory Services Inc. Has $18.06 Million Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Horizon Advisory Services Inc. increased its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 4.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 635,544 shares of the company’s stock after acquiring an additional 24,889 shares during the quarter. First Trust Alternative Absolute Return Strategy ETF accounts for 8.6% of Horizon Advisory Services Inc.’s portfolio, making the stock its 7th largest holding. Horizon Advisory Services Inc. owned approximately 0.13% of First Trust Alternative Absolute Return Strategy ETF worth $18,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 180.0% in the first quarter. Jane Street Group LLC now owns 323,350 shares of the company’s stock worth $9,309,000 after acquiring an additional 207,860 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the first quarter worth about $1,204,000. Vima LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth about $892,000. Bank of Montreal Can bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter worth about $756,000. Finally, BlueChip Wealth Advisors LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth about $713,000.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.4 %

First Trust Alternative Absolute Return Strategy ETF stock opened at $27.95 on Friday. The business has a 50 day moving average of $28.34 and a 200-day moving average of $28.51. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.10 and a 1 year high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be paid a $0.201 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, September 26th.

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.