Kestra Private Wealth Services LLC Sells 5,352 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Kestra Private Wealth Services LLC lowered its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,357 shares of the company’s stock after selling 5,352 shares during the quarter. Kestra Private Wealth Services LLC owned about 0.74% of First Trust Alternative Absolute Return Strategy ETF worth $1,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth approximately $2,880,000. HighTower Advisors LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 58.7% in the 3rd quarter. HighTower Advisors LLC now owns 237,413 shares of the company’s stock worth $6,819,000 after buying an additional 87,828 shares during the period. Walkner Condon Financial Advisors LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 818.5% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 96,475 shares of the company’s stock worth $2,639,000 after buying an additional 85,971 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the third quarter valued at about $1,323,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at about $399,000.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

FAAR stock opened at $28.20 on Friday. The business has a 50 day simple moving average of $28.75 and a two-hundred day simple moving average of $28.17. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $25.85 and a 1-year high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.2032 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.88%.

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.