Gateway Wealth Partners LLC Boosts Holdings in First Trust Alternative Absolute Return Strategy ETF $FAAR

Gateway Wealth Partners LLC grew its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 128.3% during the 1st quarter, Holdings Channel reports. The firm owned 75,573 shares of the company’s stock after purchasing an additional 42,472 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $2,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at about $31,000. CoreCap Advisors LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 20.9% in the 4th quarter. CoreCap Advisors LLC now owns 2,205 shares of the company’s stock worth $60,000 after buying an additional 381 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth approximately $101,000. Ascentis Independent Advisors purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth approximately $120,000. Finally, Harbour Investments Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 31.4% during the fourth quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock valued at $153,000 after acquiring an additional 1,349 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $31.14 on Tuesday. The business has a 50 day simple moving average of $32.43 and a two-hundred day simple moving average of $31.97. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $26.73 and a 12 month high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.144 per share. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. This represents a $0.58 annualized dividend and a dividend yield of 1.8%.

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.