Stifel Financial Corp Cuts Holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Stifel Financial Corp lowered its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,213 shares of the company’s stock after selling 10,179 shares during the quarter. Stifel Financial Corp owned 1.61% of First Trust Alternative Absolute Return Strategy ETF worth $1,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Advisory Services Inc. increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 4.1% in the 2nd quarter. Horizon Advisory Services Inc. now owns 635,544 shares of the company’s stock worth $18,056,000 after acquiring an additional 24,889 shares during the last quarter. Captrust Financial Advisors boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the 3rd quarter. Captrust Financial Advisors now owns 145,648 shares of the company’s stock worth $4,053,000 after purchasing an additional 10,941 shares during the period. Assetmark Inc. grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 138.1% during the 3rd quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock valued at $3,222,000 after buying an additional 67,136 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.0% during the second quarter. Cetera Investment Advisers now owns 115,615 shares of the company’s stock valued at $3,285,000 after buying an additional 3,358 shares during the period. Finally, AE Wealth Management LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 79.3% during the second quarter. AE Wealth Management LLC now owns 52,547 shares of the company’s stock valued at $1,493,000 after buying an additional 23,241 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.5 %

NASDAQ FAAR opened at $27.95 on Friday. The company’s 50 day simple moving average is $27.93 and its two-hundred day simple moving average is $28.19. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.10 and a 1 year high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.3264 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

First Trust Alternative Absolute Return Strategy ETF 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.