International Assets Investment Management LLC Reduces Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Posted by on Apr 15th, 2023

International Assets Investment Management LLC lessened its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Get Rating) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,700 shares of the company’s stock after selling 3,700 shares during the period. International Assets Investment Management LLC owned 0.16% of First Trust Alternative Absolute Return Strategy ETF worth $320,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FAAR. UBS Group AG purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter valued at about $43,000. Global Retirement Partners LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 63.6% in the 3rd quarter. Global Retirement Partners LLC now owns 1,502 shares of the company’s stock valued at $48,000 after purchasing an additional 584 shares during the last quarter. Financial Advocates Investment Management acquired a new position in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at about $210,000. B. Riley Wealth Advisors Inc. acquired a new position in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at about $248,000. Finally, Private Advisor Group LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at about $264,000.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.5 %

NASDAQ:FAAR opened at $29.55 on Friday. The company’s 50-day moving average is $30.02 and its two-hundred day moving average is $29.96. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $28.61 and a 1-year high of $36.16.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were issued a $0.159 dividend. The ex-dividend date of this dividend was Friday, March 24th. This represents a $0.64 annualized dividend and a yield of 2.15%.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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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.

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Institutional Ownership by Quarter for First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

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