Cetera Investment Advisers Acquires 20,736 Shares of First Trust Alternative Absolute Return Strategy ETF $FAAR

Cetera Investment Advisers increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,593 shares of the company’s stock after buying an additional 20,736 shares during the period. Cetera Investment Advisers owned about 0.05% of First Trust Alternative Absolute Return Strategy ETF worth $8,356,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FAAR. Assetmark Inc. increased its position in First Trust Alternative Absolute Return Strategy ETF by 335.0% in the 4th quarter. Assetmark Inc. now owns 648,775 shares of the company’s stock valued at $17,582,000 after acquiring an additional 499,626 shares during the period. LPL Financial LLC raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 20.4% during the fourth quarter. LPL Financial LLC now owns 420,109 shares of the company’s stock valued at $11,385,000 after acquiring an additional 71,105 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 11.0% during the first quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock worth $10,213,000 after purchasing an additional 29,955 shares during the period. Center For Asset Management LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth $3,274,000. Finally, RFG Advisory LLC grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 47.9% in the first quarter. RFG Advisory LLC now owns 120,564 shares of the company’s stock worth $4,069,000 after purchasing an additional 39,059 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 $31.16 on Friday. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.73 and a twelve month high of $35.81. The company’s fifty day moving average is $32.19 and its 200 day moving average is $32.04.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

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.