Allworth Financial LP Sells 4,597 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Allworth Financial LP trimmed its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 53.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,969 shares of the company’s stock after selling 4,597 shares during the quarter. Allworth Financial LP owned 0.12% of First Trust Alternative Absolute Return Strategy ETF worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Gateway Wealth Partners LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 1.9% in the fourth quarter. Gateway Wealth Partners LLC now owns 22,216 shares of the company’s stock valued at $622,000 after acquiring an additional 411 shares during the last quarter. Park Avenue Securities LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 4.3% in the fourth quarter. Park Avenue Securities LLC now owns 15,800 shares of the company’s stock valued at $443,000 after acquiring an additional 647 shares during the last quarter. Focus Financial Network Inc. increased its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the third quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after acquiring an additional 1,040 shares during the last quarter. Pinnacle Family Advisors LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 6.4% in the third quarter. Pinnacle Family Advisors LLC now owns 24,798 shares of the company’s stock valued at $690,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Iams Wealth Management LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 8.0% in the fourth quarter. Iams Wealth Management LLC now owns 21,867 shares of the company’s stock valued at $612,000 after acquiring an additional 1,629 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ:FAAR opened at $28.35 on Monday. The company’s 50 day simple moving average is $28.39 and its 200 day simple moving average is $28.17. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.42 and a 1 year high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.3264 per share. The ex-dividend date 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.