First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Bought by IFP Advisors Inc

IFP Advisors Inc increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 24.9% in the 4th quarter, HoldingsChannel reports. The firm owned 43,900 shares of the company’s stock after purchasing an additional 8,763 shares during the period. IFP Advisors Inc’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. TFB Advisors LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 26.3% in the 4th quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock valued at $256,000 after buying an additional 1,904 shares during the period. Iams Wealth Management LLC raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 8.0% in the fourth quarter. Iams Wealth Management LLC now owns 21,867 shares of the company’s stock valued at $612,000 after acquiring an additional 1,629 shares in the last quarter. Gateway Wealth Partners LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 1.9% in the fourth quarter. Gateway Wealth Partners LLC now owns 22,216 shares of the company’s stock worth $622,000 after acquiring an additional 411 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 49.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock worth $402,000 after acquiring an additional 4,739 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 4.3% during the 4th quarter. Park Avenue Securities LLC now owns 15,800 shares of the company’s stock worth $443,000 after acquiring an additional 647 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of FAAR opened at $28.19 on Thursday. The firm’s fifty day simple moving average is $28.40 and its 200-day simple moving average is $28.16. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $27.42 and a twelve month high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.3264 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.