Vima LLC Makes New Investment in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Vima LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARFree Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 32,622 shares of the company’s stock, valued at approximately $892,000. First Trust Alternative Absolute Return Strategy ETF accounts for 2.0% of Vima LLC’s holdings, making the stock its 16th biggest holding. Vima LLC owned 0.58% of First Trust Alternative Absolute Return Strategy ETF at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Principal Securities Inc. bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 4th quarter worth $35,000. Larson Financial Group LLC increased its position 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 valued at $36,000 after buying an additional 1,246 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at about $249,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at about $399,000. Finally, Global Retirement Partners LLC grew 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 valued at $512,000 after purchasing an additional 1,586 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.2 %

Shares of FAAR traded up $0.05 during mid-day trading on Friday, reaching $28.43. The company had a trading volume of 11,159 shares, compared to its average volume of 34,404. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $26.42 and a 52-week high of $30.00. The stock has a 50 day moving average of $28.56 and a two-hundred day moving average of $28.23.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.2032 dividend. 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 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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