First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Increases Dividend to $0.14 Per Share

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.144 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 32.5% increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

First Trust Alternative Absolute Return Strategy ETF Price Performance

First Trust Alternative Absolute Return Strategy ETF stock traded up $0.02 during midday trading on Thursday, hitting $31.73. The company’s stock had a trading volume of 38,662 shares, compared to its average volume of 34,287. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $26.73 and a 1-year high of $35.81. The company has a 50-day moving average price of $33.59 and a two-hundred day moving average price of $31.43.

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.