First Trust Alternative Absolute Return Strategy ETF $FAAR Stock Holdings Increased by RFG Advisory LLC

RFG Advisory LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 47.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,564 shares of the company’s stock after purchasing an additional 39,059 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $4,069,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Balboa Wealth Partners increased its stake in First Trust Alternative Absolute Return Strategy ETF by 3.1% in the 1st quarter. Balboa Wealth Partners now owns 17,866 shares of the company’s stock valued at $603,000 after buying an additional 533 shares during the period. World Investment Advisors boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 38.3% during the 4th quarter. World Investment Advisors now owns 21,260 shares of the company’s stock valued at $576,000 after buying an additional 5,886 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at $233,000. Cetera Investment Advisers grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 10.4% during the 4th quarter. Cetera Investment Advisers now owns 226,857 shares of the company’s stock valued at $6,148,000 after acquiring an additional 21,417 shares in the last quarter. Finally, GeoWealth Management LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 16.8% in the fourth quarter. GeoWealth Management LLC now owns 31,881 shares of the company’s stock worth $864,000 after acquiring an additional 4,584 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.1%

NASDAQ FAAR opened at $31.73 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $26.73 and a 1-year high of $35.81. The firm’s fifty day simple moving average is $33.55 and its 200-day simple moving average is $31.44.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.144 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 1.8%. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, June 25th.

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.