Coppell Advisory Solutions LLC Takes $94,000 Position in First Trust Alternative Absolute Return Strategy ETF $FAAR

Coppell Advisory Solutions LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 297,893 shares of the company’s stock, valued at approximately $94,000.

A number of other large investors have also recently bought and sold shares of FAAR. Tucker Asset Management LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth $101,000. CoreCap Advisors LLC raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 18.2% during the second quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock valued at $108,000 after buying an additional 527 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the first quarter worth about $120,000. Harbour Investments Inc. lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 31.4% in the fourth quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock worth $153,000 after buying an additional 1,349 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth about $221,000.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ FAAR opened at $31.44 on Friday. The business’s 50-day simple moving average is $31.19 and its 200-day simple moving average is $32.42. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $26.73 and a 52 week high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

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.