Commonwealth Equity Services LLC Sells 2,670 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Commonwealth Equity Services LLC reduced its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,884 shares of the company’s stock after selling 2,670 shares during the quarter. Commonwealth Equity Services LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $949,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the third quarter. Captrust Financial Advisors now owns 145,648 shares of the company’s stock worth $4,053,000 after buying an additional 10,941 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 2,475.2% during the third quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock worth $410,000 after acquiring an additional 14,158 shares in the last quarter. Pinnacle Family Advisors LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 6.4% in the 3rd quarter. Pinnacle Family Advisors LLC now owns 24,798 shares of the company’s stock worth $690,000 after acquiring an additional 1,484 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 17.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 41,416 shares of the company’s stock valued at $1,153,000 after purchasing an additional 6,281 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter valued at $397,000.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.5 %

Shares of NASDAQ:FAAR opened at $28.78 on Wednesday. The company’s fifty day moving average is $28.50 and its 200 day moving average is $28.18. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $27.42 and a 52 week high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1533 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.61 annualized dividend and a dividend yield of 2.13%.

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.