Cetera Advisor Networks LLC Has $4.68 Million Stock Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Cetera Advisor Networks LLC decreased its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report) by 3.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 171,279 shares of the company’s stock after selling 6,101 shares during the quarter. Cetera Advisor Networks LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $4,684,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FAAR. Stratos Wealth Partners LTD. raised its holdings 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. Larson Financial Group LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 1,557.5% in the 4th quarter. Larson Financial Group LLC now owns 1,326 shares of the company’s stock valued at $36,000 after buying an additional 1,246 shares during the last quarter. Principal Securities Inc. bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth approximately $35,000. Global Retirement Partners LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 9.4% in the 4th quarter. Global Retirement Partners LLC now owns 18,450 shares of the company’s stock worth $512,000 after buying an additional 1,586 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 9.9% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 18,794 shares of the company’s stock worth $539,000 after buying an additional 1,692 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 1.3 %

Shares of FAAR opened at $28.35 on Tuesday. The stock has a 50 day moving average of $28.61 and a 200 day moving average of $28.23. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $26.42 and a 12 month high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.2032 per share. This represents a $0.81 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, March 21st.

First Trust Alternative Absolute Return Strategy ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FAAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report).

Institutional Ownership by Quarter for First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

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