International Assets Investment Management LLC Makes New $318,000 Investment in First Trust Alternative Absolute Return Strategy ETF $FAAR

International Assets Investment Management LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,468 shares of the company’s stock, valued at approximately $318,000. International Assets Investment Management LLC owned approximately 0.32% of First Trust Alternative Absolute Return Strategy ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FAAR. Coppell Advisory Solutions LLC boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 324.5% during the first quarter. Coppell Advisory Solutions LLC now owns 185,248 shares of the company’s stock worth $4,959,000 after buying an additional 141,611 shares in the last quarter. Simplicity Wealth LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 138.4% in the 2nd quarter. Simplicity Wealth LLC now owns 96,386 shares of the company’s stock valued at $2,675,000 after purchasing an additional 55,949 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 631.7% in the 2nd quarter. RFG Advisory LLC now owns 60,237 shares of the company’s stock valued at $1,672,000 after purchasing an additional 52,004 shares in the last quarter. Assetmark Inc. boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 28.5% in the 1st quarter. Assetmark Inc. now owns 163,135 shares of the company’s stock valued at $4,718,000 after purchasing an additional 36,202 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 22.5% in the 1st quarter. Cetera Investment Advisers now owns 168,533 shares of the company’s stock valued at $4,874,000 after purchasing an additional 30,904 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of NASDAQ:FAAR opened at $30.52 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $25.19 and a 52 week high of $32.19. The company’s fifty day moving average is $30.07 and its 200-day moving average is $28.38.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.1759 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.70 annualized dividend and a dividend yield of 2.3%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

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.