CreativeOne Wealth LLC Boosts Stock Holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

CreativeOne Wealth LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,278 shares of the company’s stock after buying an additional 11,646 shares during the quarter. CreativeOne Wealth LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,352,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tucker Asset Management LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 54.1% during the fourth quarter. Tucker Asset Management LLC now owns 2,508 shares of the company’s stock valued at $70,000 after purchasing an additional 880 shares in the last quarter. Maripau Wealth Management LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth about $213,000. TFB Advisors LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 26.3% during 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 during the last quarter. World Investment Advisors LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the third quarter valued at approximately $397,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 49.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock valued at $402,000 after purchasing an additional 4,739 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

NASDAQ:FAAR opened at $26.36 on Thursday. The stock’s fifty day moving average is $28.01 and its 200 day moving average is $28.04. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $25.19 and a fifty-two week high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1533 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.61 annualized dividend and a dividend yield of 2.33%.

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.