TFB Advisors LLC Raises Stock Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

TFB Advisors LLC raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 26.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,136 shares of the company’s stock after acquiring an additional 1,904 shares during the quarter. TFB Advisors LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FAAR. Focus Financial Network Inc. boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock worth $388,000 after buying an additional 1,040 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at $411,000. World Investment Advisors LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the third quarter worth $397,000. Janney Montgomery Scott LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 49.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock valued at $402,000 after buying an additional 4,739 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in 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 during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.0 %

Shares of NASDAQ FAAR opened at $28.92 on Thursday. The company has a 50-day moving average of $28.31 and a 200 day moving average of $28.15. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $27.42 and a 12-month high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

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