NewEdge Wealth LLC decreased its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,733 shares of the company’s stock after selling 1,623 shares during the period. NewEdge Wealth LLC owned approximately 0.59% of First Trust Alternative Absolute Return Strategy ETF worth $923,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Osaic Holdings Inc. boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 25.2% in the 2nd quarter. Osaic Holdings Inc. now owns 365,916 shares of the company’s stock worth $10,320,000 after purchasing an additional 73,691 shares during the period. AE Wealth Management LLC boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 1.8% in the 3rd quarter. AE Wealth Management LLC now owns 363,717 shares of the company’s stock worth $10,439,000 after purchasing an additional 6,267 shares during the period. Cetera Investment Advisers boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 145.6% in the 4th quarter. Cetera Investment Advisers now owns 263,833 shares of the company’s stock worth $7,883,000 after purchasing an additional 156,421 shares during the period. HighTower Advisors LLC boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 58.7% in the 3rd quarter. HighTower Advisors LLC now owns 237,413 shares of the company’s stock worth $6,819,000 after purchasing an additional 87,828 shares during the period. Finally, Cetera Advisor Networks LLC boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 1,902.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 228,042 shares of the company’s stock worth $6,814,000 after purchasing an additional 216,656 shares during the period.
First Trust Alternative Absolute Return Strategy ETF Stock Up 0.6 %
Shares of NASDAQ FAAR opened at $29.28 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $25.85 and a 1-year high of $30.00. The company has a fifty day moving average price of $28.62 and a 200 day moving average price of $28.09.
First Trust Alternative Absolute Return Strategy ETF Announces Dividend
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.
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