TFB Advisors LLC Buys 3,305 Shares of First Trust Alternative Absolute Return Strategy ETF $FAAR

TFB Advisors LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 25.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,370 shares of the company’s stock after purchasing an additional 3,305 shares during the period. TFB Advisors LLC owned approximately 0.45% of First Trust Alternative Absolute Return Strategy ETF worth $454,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Pinnacle Family Advisors LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 1.6% in the 1st quarter. Pinnacle Family Advisors LLC now owns 26,786 shares of the company’s stock valued at $775,000 after purchasing an additional 410 shares during the period. Lord & Richards Wealth Management LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at $33,000. Cambridge Investment Research Advisors Inc. boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 2.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 63,720 shares of the company’s stock valued at $1,843,000 after purchasing an additional 1,744 shares during the period. Rossby Financial LCC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at $59,000. Finally, Janney Montgomery Scott LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 12.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,548 shares of the company’s stock valued at $653,000 after purchasing an additional 2,572 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $30.52 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $25.19 and a fifty-two week high of $32.19. The firm has a fifty day moving average price of $30.07 and a two-hundred day moving average price of $28.38.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.1759 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

First Trust Alternative Absolute Return Strategy ETF Company 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.