Assetmark Inc. Acquires 11,171 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Assetmark Inc. increased its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 9.6% during the 4th quarter, Holdings Channel reports. The firm owned 126,933 shares of the company’s stock after buying an additional 11,171 shares during the period. Assetmark Inc.’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $3,555,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Park Avenue Securities LLC grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 4.3% in the fourth quarter. Park Avenue Securities LLC now owns 15,800 shares of the company’s stock worth $443,000 after purchasing an additional 647 shares during the last quarter. TFB Advisors LLC grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 26.3% in the fourth quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock worth $256,000 after purchasing an additional 1,904 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the third quarter worth about $397,000. Maripau Wealth Management LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth about $213,000. Finally, Benjamin Edwards Inc. lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 2,475.2% in the third quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock worth $410,000 after buying an additional 14,158 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of FAAR opened at $28.10 on Monday. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.42 and a one year high of $31.10. The company has a 50-day simple moving average of $28.45 and a two-hundred day simple moving average of $28.15.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

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

First Trust Alternative Absolute Return Strategy ETF Company 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.