Cetera Investment Advisers Acquires 20,736 Shares of First Trust Alternative Absolute Return Strategy ETF $FAAR

Cetera Investment Advisers lifted its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 9.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 247,593 shares of the company’s stock after purchasing an additional 20,736 shares during the period. Cetera Investment Advisers owned about 5.11% of First Trust Alternative Absolute Return Strategy ETF worth $8,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Center For Asset Management LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at approximately $3,274,000. Assetmark Inc. grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 335.0% during the fourth quarter. Assetmark Inc. now owns 648,775 shares of the company’s stock worth $17,582,000 after buying an additional 499,626 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth $481,000. RFG Advisory LLC grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 31.7% during the fourth quarter. RFG Advisory LLC now owns 81,505 shares of the company’s stock worth $2,209,000 after buying an additional 19,619 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 39.8% during the fourth quarter. Benjamin Edwards Inc. now owns 100,010 shares of the company’s stock worth $2,711,000 after buying an additional 28,488 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.2%

Shares of FAAR opened at $31.16 on Friday. 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 fifty day moving average of $32.19 and a 200-day moving average of $32.04.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

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.