Jane Street Group LLC Sells 45,453 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Jane Street Group LLC trimmed its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 77.7% in the third quarter, HoldingsChannel.com reports. The fund owned 13,081 shares of the company’s stock after selling 45,453 shares during the quarter. Jane Street Group LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $364,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at about $411,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock valued at $377,000 after buying an additional 398 shares during the period. AE Wealth Management LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 79.3% in the second quarter. AE Wealth Management LLC now owns 52,547 shares of the company’s stock valued at $1,493,000 after buying an additional 23,241 shares during the period. Horizon Advisory Services Inc. increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 4.1% in the second quarter. Horizon Advisory Services Inc. now owns 635,544 shares of the company’s stock valued at $18,056,000 after buying an additional 24,889 shares during the period. Finally, Assetmark Inc. increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 138.1% in the third quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock valued at $3,222,000 after buying an additional 67,136 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $28.31 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.22 and a one year high of $29.44. The stock’s 50-day moving average is $27.98 and its 200 day moving average is $28.16.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.3264 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.