Gateway Wealth Partners LLC Increases Stock Position in First Trust Alternative Absolute Return Strategy ETF $FAAR

Gateway Wealth Partners LLC boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 128.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,573 shares of the company’s stock after buying an additional 42,472 shares during the quarter. Gateway Wealth Partners LLC owned approximately 1.56% of First Trust Alternative Absolute Return Strategy ETF worth $2,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth about $31,000. CoreCap Advisors LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 20.9% during the 4th quarter. CoreCap Advisors LLC now owns 2,205 shares of the company’s stock valued at $60,000 after acquiring an additional 381 shares during the period. Ascentis Independent Advisors purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at about $120,000. Tucker Asset Management LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at about $101,000. Finally, Harbour Investments Inc. increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 31.4% in the 4th quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock valued at $153,000 after purchasing an additional 1,349 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.2%

NASDAQ FAAR opened at $31.14 on Tuesday. The stock has a 50-day moving average of $32.43 and a 200 day moving average of $31.97. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.73 and a twelve month high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

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.