LexAurum Advisors LLC Buys 17,130 Shares of First Trust Alternative Absolute Return Strategy ETF $FAAR

LexAurum Advisors LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 32.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,770 shares of the company’s stock after buying an additional 17,130 shares during the quarter. LexAurum Advisors LLC owned 0.92% of First Trust Alternative Absolute Return Strategy ETF worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FAAR. Coppell Advisory Solutions LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter worth $94,000. CoreCap Advisors LLC increased its position in First Trust Alternative Absolute Return Strategy ETF by 18.2% during the second quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock valued at $108,000 after acquiring an additional 527 shares during the last quarter. Ascentis Independent Advisors bought a new position in First Trust Alternative Absolute Return Strategy ETF in the first quarter valued at about $120,000. Apollon Wealth Management LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF in the first quarter valued at about $221,000. Finally, Parallel Advisors LLC lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 1,222.0% in the first quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock valued at $241,000 after acquiring an additional 6,599 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.1%

NASDAQ:FAAR traded down $0.02 on Monday, hitting $32.76. The stock had a trading volume of 5,952 shares, compared to its average volume of 42,011. The business’s 50-day simple moving average is $31.84 and its two-hundred day simple moving average is $32.46. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $26.73 and a 52-week high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1372 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.7%.

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.