Larson Financial Group LLC Buys 1,246 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Larson Financial Group LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 1,557.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,326 shares of the company’s stock after acquiring an additional 1,246 shares during the period. Larson Financial Group LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $36,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth $399,000. Assetmark Inc. increased its stake in First Trust Alternative Absolute Return Strategy ETF by 258.3% during the 3rd quarter. Assetmark Inc. now owns 15,517 shares of the company’s stock worth $445,000 after acquiring an additional 11,186 shares during the period. Global Retirement Partners LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 9.4% during the 4th quarter. Global Retirement Partners LLC now owns 18,450 shares of the company’s stock worth $512,000 after acquiring an additional 1,586 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 9.9% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 18,794 shares of the company’s stock worth $539,000 after acquiring an additional 1,692 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 33.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,325 shares of the company’s stock valued at $641,000 after purchasing an additional 5,636 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.1 %

Shares of FAAR opened at $29.22 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.85 and a 52-week high of $30.00. The business’s fifty day moving average is $28.73 and its 200-day moving average is $28.15.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.2032 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.81 annualized dividend and a dividend yield of 2.78%.

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.