First Trust Alternative Absolute Return Strategy ETF Declares Quarterly Dividend of $0.14 (NASDAQ:FAAR)

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.1372 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.3%

FAAR opened at $32.39 on Thursday. The firm’s fifty day moving average price is $31.39 and its two-hundred day moving average price is $32.58. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $26.73 and a 1 year high of $35.81.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FAAR. Coppell Advisory Solutions LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the second quarter worth $94,000. CoreCap Advisors LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 18.2% in the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock worth $108,000 after buying an additional 527 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 1st quarter valued at $120,000. Harbour Investments Inc. lifted 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 acquiring an additional 1,349 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the first quarter worth approximately $221,000.

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.