First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Acquired by World Investment Advisors

World Investment Advisors increased its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,711 shares of the company’s stock after acquiring an additional 2,436 shares during the period. World Investment Advisors’ holdings in First Trust Alternative Absolute Return Strategy ETF were worth $468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 4.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 43,385 shares of the company’s stock worth $1,215,000 after purchasing an additional 1,969 shares in the last quarter. Park Avenue Securities LLC lifted 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 buying an additional 647 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at approximately $2,363,000. TFB Advisors LLC grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 26.3% in the fourth quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock worth $256,000 after acquiring an additional 1,904 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the third quarter worth $397,000.

First Trust Alternative Absolute Return Strategy ETF Trading Down 2.5 %

Shares of NASDAQ FAAR opened at $26.14 on Tuesday. The business’s fifty day simple moving average is $28.43 and its 200-day simple moving average is $28.16. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $25.92 and a 12-month high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1533 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust Alternative Absolute Return Strategy ETF 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.