First Trust Alternative Absolute Return Strategy ETF $FAAR Stock Bought by Simplicity Wealth LLC

Simplicity Wealth LLC increased its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 90.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,290 shares of the company’s stock after buying an additional 73,104 shares during the period. Simplicity Wealth LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $4,975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FAAR. First Trust Advisors LP increased its position in First Trust Alternative Absolute Return Strategy ETF by 11.0% in the 1st quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock valued at $10,213,000 after buying an additional 29,955 shares in the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 9.1% in the first quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock worth $8,356,000 after acquiring an additional 20,736 shares in the last quarter. RFG Advisory LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 40.4% in the second quarter. RFG Advisory LLC now owns 169,240 shares of the company’s stock worth $5,351,000 after acquiring an additional 48,676 shares in the last quarter. Center For Asset Management LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 6.6% in the third quarter. Center For Asset Management LLC now owns 128,611 shares of the company’s stock worth $4,147,000 after acquiring an additional 7,946 shares in the last quarter. Finally, Gateway Wealth Partners LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 128.3% in the first quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock worth $2,550,000 after acquiring an additional 42,472 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $32.79 on Monday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $26.73 and a 52 week high of $35.81. The stock has a 50 day moving average price of $32.00 and a two-hundred day moving average price of $32.42.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1372 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.7%.

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.