1776 Wealth LLC Trims Stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

1776 Wealth LLC trimmed its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,319 shares of the company’s stock after selling 1,047 shares during the quarter. 1776 Wealth LLC owned about 0.27% of First Trust Alternative Absolute Return Strategy ETF worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 4th quarter worth about $2,363,000. Assetmark Inc. boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 138.1% in the 3rd quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock worth $3,222,000 after purchasing an additional 67,136 shares in the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 129.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 36,632 shares of the company’s stock worth $1,019,000 after purchasing an additional 20,690 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at about $397,000. Finally, Benjamin Edwards Inc. lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 2,475.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock valued at $410,000 after acquiring an additional 14,158 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ FAAR opened at $28.40 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $27.42 and a 1-year high of $31.10. The stock has a 50-day moving average of $28.47 and a 200-day moving average of $28.14.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.

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.