Patriot Financial Group Insurance Agency LLC Sells 611 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Patriot Financial Group Insurance Agency LLC reduced its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,819 shares of the company’s stock after selling 611 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock worth $377,000 after purchasing an additional 398 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter valued at approximately $51,000. Cetera Investment Advisers raised its stake in First Trust Alternative Absolute Return Strategy ETF by 3.0% during the 2nd quarter. Cetera Investment Advisers now owns 115,615 shares of the company’s stock valued at $3,285,000 after purchasing an additional 3,358 shares during the period. Iams Wealth Management LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 36.2% during the 3rd quarter. Iams Wealth Management LLC now owns 20,238 shares of the company’s stock valued at $563,000 after purchasing an additional 5,375 shares during the period. Finally, CreativeOne Wealth LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 64.9% during the 1st quarter. CreativeOne Wealth LLC now owns 14,992 shares of the company’s stock valued at $431,000 after purchasing an additional 5,901 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of FAAR opened at $27.79 on Wednesday. The business’s 50 day moving average is $28.04 and its 200 day moving average is $28.35. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $27.10 and a 12-month high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.201 per share. This represents a $0.80 annualized dividend and a yield of 2.89%. The ex-dividend date was Thursday, September 26th.

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.