Envestnet Asset Management Inc. reduced its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 341,922 shares of the company’s stock after selling 8,138 shares during the quarter. Envestnet Asset Management Inc. owned about 7.12% of First Trust Alternative Absolute Return Strategy ETF worth $9,714,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in FAAR. ICA Group Wealth Management LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth about $116,000. Signal Advisors Wealth LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 5.0% in the first quarter. Signal Advisors Wealth LLC now owns 9,663 shares of the company’s stock worth $278,000 after purchasing an additional 459 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at $306,000. RFG Advisory LLC boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.5% during the 1st quarter. RFG Advisory LLC now owns 14,427 shares of the company’s stock valued at $415,000 after acquiring an additional 484 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 64.9% in the first quarter. CreativeOne Wealth LLC now owns 14,992 shares of the company’s stock valued at $431,000 after acquiring an additional 5,901 shares during the period.
First Trust Alternative Absolute Return Strategy ETF Stock Up 0.4 %
NASDAQ FAAR opened at $27.95 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $27.10 and a 1-year high of $29.44. The stock’s 50 day moving average is $28.34 and its two-hundred day moving average is $28.51.
First Trust Alternative Absolute Return Strategy ETF Cuts Dividend
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.
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