First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 49.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,345 shares of the company’s stock after purchasing an additional 4,739 shares during the period. Janney Montgomery Scott LLC owned 0.42% of First Trust Alternative Absolute Return Strategy ETF worth $402,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Park Avenue Securities LLC boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 4.3% in the 4th quarter. Park Avenue Securities LLC now owns 15,800 shares of the company’s stock worth $443,000 after purchasing an additional 647 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the second quarter worth $411,000. Assetmark Inc. lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 138.1% during the third quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock worth $3,222,000 after buying an additional 67,136 shares during the period. World Investment Advisors LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the third quarter valued at $397,000. Finally, Iams Wealth Management LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 36.2% in the 3rd quarter. Iams Wealth Management LLC now owns 20,238 shares of the company’s stock valued at $563,000 after acquiring an additional 5,375 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of FAAR stock opened at $28.97 on Tuesday. The business has a fifty day moving average of $28.28 and a 200 day moving average of $28.15. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.42 and a 1 year high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.3264 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.