Sanctuary Advisors LLC Purchases Shares of 14,054 First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Sanctuary Advisors LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,054 shares of the company’s stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FAAR. Signal Advisors Wealth LLC increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 5.0% during the 1st quarter. Signal Advisors Wealth LLC now owns 9,663 shares of the company’s stock worth $278,000 after buying an additional 459 shares during the last quarter. RFG Advisory LLC increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 3.5% in the 1st quarter. RFG Advisory LLC now owns 14,427 shares of the company’s stock valued at $415,000 after purchasing an additional 484 shares in the last quarter. Iams Wealth Management LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 9.1% during the first quarter. Iams Wealth Management LLC now owns 40,513 shares of the company’s stock worth $1,152,000 after purchasing an additional 3,391 shares during the last quarter. CreativeOne Wealth LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 64.9% during the first quarter. CreativeOne Wealth LLC now owns 14,992 shares of the company’s stock worth $431,000 after acquiring an additional 5,901 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its stake in First Trust Alternative Absolute Return Strategy ETF by 59.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 22,325 shares of the company’s stock worth $641,000 after acquiring an additional 8,281 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.3 %

FAAR opened at $27.82 on Thursday. The company’s 50-day moving average price is $28.14 and its 200 day moving average price is $28.43. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $27.10 and a fifty-two week high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.201 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%.

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.