StoneX Group Inc. Trims Stock Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

StoneX Group Inc. lessened its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report) by 2.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,082 shares of the company’s stock after selling 879 shares during the quarter. StoneX Group Inc.’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $850,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Principal Securities Inc. purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at $35,000. Larson Financial Group LLC boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 1,557.5% during the 4th quarter. Larson Financial Group LLC now owns 1,326 shares of the company’s stock worth $36,000 after purchasing an additional 1,246 shares during the period. CreativeOne Wealth LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth $249,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth $399,000. Finally, Global Retirement Partners LLC boosted 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 purchasing an additional 1,586 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.2 %

NASDAQ:FAAR traded down $0.07 during trading hours on Thursday, reaching $28.44. 8,301 shares of the company’s stock were exchanged, compared to its average volume of 36,841. The company has a 50-day moving average of $28.68 and a 200 day moving average of $28.23. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.2032 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Thursday, March 21st.

First Trust Alternative Absolute Return Strategy ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

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