International Assets Investment Management LLC Purchases New Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

International Assets Investment Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 105,298 shares of the company’s stock, valued at approximately $2,880,000. International Assets Investment Management LLC owned 1.85% of First Trust Alternative Absolute Return Strategy ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FAAR. Cetera Advisor Networks LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 1,902.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 228,042 shares of the company’s stock valued at $6,814,000 after acquiring an additional 216,656 shares during the period. Cetera Investment Advisers raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 145.6% during the 4th quarter. Cetera Investment Advisers now owns 263,833 shares of the company’s stock worth $7,883,000 after buying an additional 156,421 shares during the period. Captrust Financial Advisors acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth approximately $4,360,000. HighTower Advisors LLC raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 58.7% during the 3rd quarter. HighTower Advisors LLC now owns 237,413 shares of the company’s stock worth $6,819,000 after buying an additional 87,828 shares during the period. Finally, Jane Street Group LLC raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 479.0% during the 2nd quarter. Jane Street Group LLC now owns 104,184 shares of the company’s stock worth $3,476,000 after buying an additional 86,190 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of FAAR stock opened at $29.02 on Friday. The company’s 50 day moving average price is $28.67 and its two-hundred day moving average price is $28.10. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $25.85 and a 52 week high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.2032 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.81 annualized dividend and a dividend yield of 2.80%.

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.