CreativeOne Wealth LLC Raises Stock Position in First Trust Alternative Absolute Return Strategy ETF $FAAR

CreativeOne Wealth LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 5.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 54,917 shares of the company’s stock after acquiring an additional 3,039 shares during the period. CreativeOne Wealth LLC owned about 1.53% of First Trust Alternative Absolute Return Strategy ETF worth $1,524,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Maripau Wealth Management LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 11.5% during the second quarter. Maripau Wealth Management LLC now owns 8,170 shares of the company’s stock worth $226,000 after purchasing an additional 840 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth approximately $225,000. Assetmark Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 4.7% during the second quarter. Assetmark Inc. now owns 170,774 shares of the company’s stock valued at $4,739,000 after acquiring an additional 7,639 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 353,806 shares of the company’s stock valued at $9,818,000 after acquiring an additional 4,170 shares in the last quarter. Finally, TFB Advisors LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 25.3% in the second quarter. TFB Advisors LLC now owns 16,370 shares of the company’s stock worth $454,000 after acquiring an additional 3,305 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.8%

Shares of FAAR opened at $30.17 on Thursday. The stock has a 50 day moving average price of $30.33 and a 200 day moving average price of $29.09. First Trust Alternative Absolute Return Strategy ETF has a one year low of $25.19 and a one year high of $32.19.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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