Kestra Private Wealth Services LLC Reduces Stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Kestra Private Wealth Services LLC trimmed its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 11.5% during the fourth quarter, Holdings Channel reports. The firm owned 41,357 shares of the company’s stock after selling 5,352 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,131,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 4.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 58,961 shares of the company’s stock worth $1,613,000 after buying an additional 2,744 shares in the last quarter. Larson Financial Group LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 1,557.5% during the fourth quarter. Larson Financial Group LLC now owns 1,326 shares of the company’s stock worth $36,000 after acquiring an additional 1,246 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at about $2,880,000. Stratos Wealth Partners LTD. grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 27,314 shares of the company’s stock valued at $747,000 after purchasing an additional 470 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 818.5% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 96,475 shares of the company’s stock worth $2,639,000 after purchasing an additional 85,971 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.4 %

FAAR stock opened at $28.20 on Friday. The stock’s 50 day moving average price is $28.75 and its 200 day moving average price is $28.17. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $25.85 and a 1 year high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.2032 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, March 21st.

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.