Gateway Wealth Partners LLC Grows Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Gateway Wealth Partners LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,216 shares of the company’s stock after buying an additional 411 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $622,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 4.3% in the 4th quarter. Park Avenue Securities LLC now owns 15,800 shares of the company’s stock valued at $443,000 after purchasing an additional 647 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% in the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after purchasing an additional 1,040 shares during the last quarter. Pinnacle Family Advisors LLC grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 6.4% in the 3rd quarter. Pinnacle Family Advisors LLC now owns 24,798 shares of the company’s stock valued at $690,000 after purchasing an additional 1,484 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 3.0% in the 2nd quarter. Cetera Investment Advisers now owns 115,615 shares of the company’s stock valued at $3,285,000 after purchasing an additional 3,358 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings 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 buying an additional 4,739 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

FAAR opened at $28.50 on Wednesday. The business has a 50 day simple moving average of $28.17 and a 200-day simple moving average of $28.16. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $27.42 and a 12 month high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.3264 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.