Park Avenue Securities LLC Has $443,000 Stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Park Avenue Securities LLC grew its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,800 shares of the company’s stock after buying an additional 647 shares during the period. Park Avenue Securities LLC owned approximately 0.46% of First Trust Alternative Absolute Return Strategy ETF worth $443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hershey Financial Advisers LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter valued at approximately $51,000. TFB Advisors LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter valued at about $201,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock worth $377,000 after buying an additional 398 shares during the period. Focus Financial Network Inc. grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% in the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock worth $388,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the second quarter worth approximately $411,000.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of FAAR stock opened at $28.38 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $27.42 and a 52 week high of $29.44. The stock’s fifty day moving average is $28.13 and its 200-day moving average is $28.16.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.3264 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.