First Trust Alternative Absolute Return Strategy ETF $FAAR Stock Position Reduced by Simplicity Wealth LLC

Simplicity Wealth LLC decreased its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 69.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,784 shares of the company’s stock after selling 66,602 shares during the quarter. Simplicity Wealth LLC owned approximately 0.80% of First Trust Alternative Absolute Return Strategy ETF worth $908,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Benjamin Edwards Inc. increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 16.4% in the third quarter. Benjamin Edwards Inc. now owns 71,522 shares of the company’s stock worth $2,180,000 after acquiring an additional 10,102 shares during the last quarter. Global Retirement Partners LLC grew its stake in First Trust Alternative Absolute Return Strategy ETF by 11.0% in the third quarter. Global Retirement Partners LLC now owns 9,016 shares of the company’s stock valued at $275,000 after purchasing an additional 897 shares in the last quarter. World Investment Advisors grew its stake in First Trust Alternative Absolute Return Strategy ETF by 10.8% in the third quarter. World Investment Advisors now owns 15,374 shares of the company’s stock valued at $469,000 after purchasing an additional 1,503 shares in the last quarter. Osaic Holdings Inc. increased its position in First Trust Alternative Absolute Return Strategy ETF by 7.8% in the 2nd quarter. Osaic Holdings Inc. now owns 114,657 shares of the company’s stock worth $3,190,000 after purchasing an additional 8,332 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in First Trust Alternative Absolute Return Strategy ETF by 32.8% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 246,012 shares of the company’s stock worth $6,773,000 after purchasing an additional 60,764 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Up 1.2%

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $28.89 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.19 and a 52-week high of $33.42. The stock has a 50-day simple moving average of $28.72 and a 200-day simple moving average of $29.36.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $2.6485 dividend. This represents a $10.59 dividend on an annualized basis and a yield of 36.7%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, December 16th.

First Trust Alternative Absolute Return Strategy ETF Company 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.