Commonwealth Equity Services LLC Has $1.45 Million Stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Commonwealth Equity Services LLC lessened its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 19.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,383 shares of the company’s stock after selling 12,327 shares during the period. Commonwealth Equity Services LLC owned 1.12% of First Trust Alternative Absolute Return Strategy ETF worth $1,451,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth $35,000. Larson Financial Group LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1,557.5% in the fourth quarter. Larson Financial Group LLC now owns 1,326 shares of the company’s stock valued at $36,000 after buying an additional 1,246 shares during the period. ICA Group Wealth Management LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth about $116,000. CreativeOne Wealth LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth approximately $249,000. Finally, Signal Advisors Wealth LLC boosted its holdings 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 valued at $278,000 after acquiring an additional 459 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ:FAAR opened at $28.59 on Friday. The company has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $28.32. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $27.10 and a fifty-two week high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2352 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.94 annualized dividend and a yield of 3.29%.

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.