BlueChip Wealth Advisors LLC Acquires Shares of 26,057 First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

BlueChip Wealth Advisors LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,057 shares of the company’s stock, valued at approximately $713,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FAAR. HighTower Advisors LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 58.7% in the 3rd quarter. HighTower Advisors LLC now owns 237,413 shares of the company’s stock valued at $6,819,000 after buying an additional 87,828 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at approximately $1,323,000. Jaffetilchin Investment Partners LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 9.9% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 18,794 shares of the company’s stock valued at $539,000 after buying an additional 1,692 shares in the last quarter. Scotia Capital Inc. raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 12.9% in the 3rd quarter. Scotia Capital Inc. now owns 25,169 shares of the company’s stock valued at $722,000 after buying an additional 2,878 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in First Trust Alternative Absolute Return Strategy ETF by 33.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,325 shares of the company’s stock worth $641,000 after purchasing an additional 5,636 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

FAAR stock traded up $0.06 during trading on Monday, reaching $28.50. 7,404 shares of the company were exchanged, compared to its average volume of 34,171. The company has a 50-day moving average of $28.55 and a two-hundred day moving average of $28.24. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.42 and a twelve month high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.2032 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, March 21st.

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.