First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Plans Quarterly Dividend of $0.11

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be given a dividend of 0.1087 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.2%

Shares of First Trust Alternative Absolute Return Strategy ETF stock traded down $0.06 on Thursday, reaching $33.16. The company’s stock had a trading volume of 33,700 shares, compared to its average volume of 29,603. The stock has a 50-day moving average price of $30.67 and a 200-day moving average price of $29.97. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.19 and a 52-week high of $34.34.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at $31,000. CoreCap Advisors LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 20.9% during the fourth quarter. CoreCap Advisors LLC now owns 2,205 shares of the company’s stock worth $60,000 after purchasing an additional 381 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth about $101,000. Rossby Financial LCC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 121.2% during the 3rd quarter. Rossby Financial LCC now owns 4,887 shares of the company’s stock worth $148,000 after purchasing an additional 2,678 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 31.4% during the 4th quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock worth $153,000 after purchasing an additional 1,349 shares during the last quarter.

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.