Stifel Financial Corp Sells 10,179 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Stifel Financial Corp reduced its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,213 shares of the company’s stock after selling 10,179 shares during the quarter. Stifel Financial Corp’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Horizon Advisory Services Inc. raised its stake in First Trust Alternative Absolute Return Strategy ETF by 4.1% during the second quarter. Horizon Advisory Services Inc. now owns 635,544 shares of the company’s stock valued at $18,056,000 after purchasing an additional 24,889 shares in the last quarter. Captrust Financial Advisors raised its position in First Trust Alternative Absolute Return Strategy ETF by 8.1% during the 3rd quarter. Captrust Financial Advisors now owns 145,648 shares of the company’s stock valued at $4,053,000 after purchasing an additional 10,941 shares in the last quarter. Assetmark Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 138.1% in the 3rd quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock valued at $3,222,000 after purchasing an additional 67,136 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.0% in the 2nd quarter. Cetera Investment Advisers now owns 115,615 shares of the company’s stock worth $3,285,000 after acquiring an additional 3,358 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 79.3% in the 2nd 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 in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of FAAR stock opened at $27.95 on Friday. 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. The stock’s 50-day simple moving average is $27.93 and its 200-day simple moving average is $28.19.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.3264 dividend. The ex-dividend date of this dividend is 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.