Benjamin F. Edwards & Company Inc. Purchases 3,353 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Benjamin F. Edwards & Company Inc. boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,930 shares of the company’s stock after acquiring an additional 3,353 shares during the quarter. Benjamin F. Edwards & Company Inc. owned approximately 0.48% of First Trust Alternative Absolute Return Strategy ETF worth $737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FAAR. Commonwealth Equity Services LLC raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 17.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 53,917 shares of the company’s stock valued at $1,547,000 after acquiring an additional 7,939 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 11.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 74,343 shares of the company’s stock worth $2,134,000 after buying an additional 7,443 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 1.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 87,452 shares of the company’s stock worth $2,510,000 after buying an additional 1,025 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 53.3% during the 3rd quarter. Park Avenue Securities LLC now owns 32,552 shares of the company’s stock worth $934,000 after buying an additional 11,316 shares during the period. Finally, Assetmark Inc. grew its stake in First Trust Alternative Absolute Return Strategy ETF by 258.3% in the 3rd quarter. Assetmark Inc. now owns 15,517 shares of the company’s stock valued at $445,000 after buying an additional 11,186 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

First Trust Alternative Absolute Return Strategy ETF stock opened at $28.26 on Wednesday. The firm has a fifty day moving average price of $28.74 and a two-hundred day moving average price of $28.18. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $25.85 and a fifty-two week high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

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

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.