Commonwealth Equity Services LLC Trims Stock Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Commonwealth Equity Services LLC cut its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,884 shares of the company’s stock after selling 2,670 shares during the quarter. Commonwealth Equity Services LLC owned about 0.98% of First Trust Alternative Absolute Return Strategy ETF worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Maripau Wealth Management LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth $213,000. TFB Advisors LLC grew its position in First Trust Alternative Absolute Return Strategy ETF by 26.3% during the fourth quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock worth $256,000 after buying an additional 1,904 shares in the last quarter. World Investment Advisors LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter worth about $397,000. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 49.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock valued at $402,000 after acquiring an additional 4,739 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 2,475.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock valued at $410,000 after acquiring an additional 14,158 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ FAAR opened at $28.78 on Wednesday. The business has a 50-day moving average of $28.50 and a 200-day moving average of $28.18. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $27.42 and a 12 month high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.1533 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.61 dividend on an annualized basis and a yield of 2.13%.

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.