Orion Portfolio Solutions LLC Acquires 1,969 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Orion Portfolio Solutions LLC raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 4.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,385 shares of the company’s stock after acquiring an additional 1,969 shares during the period. Orion Portfolio Solutions LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,215,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FAAR. Maripau Wealth Management LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at approximately $213,000. TFB Advisors LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 26.3% during the 4th quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock valued at $256,000 after buying an additional 1,904 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter valued at $397,000. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 49.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock worth $402,000 after buying an additional 4,739 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 2,475.2% in 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 period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

FAAR stock opened at $26.81 on Friday. The business’s 50-day moving average is $28.47 and its two-hundred day moving average is $28.17. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $26.69 and a fifty-two week high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.1533 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Thursday, March 27th.

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.