Avantax Advisory Services Inc. Decreases Stock Holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Avantax Advisory Services Inc. lessened its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 16.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,722 shares of the company’s stock after selling 13,352 shares during the period. Avantax Advisory Services Inc.’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $1,925,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at about $2,363,000. CreativeOne Wealth LLC raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 129.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 36,632 shares of the company’s stock valued at $1,019,000 after buying an additional 20,690 shares during the period. World Investment Advisors LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter worth approximately $397,000. Benjamin Edwards Inc. grew its position in First Trust Alternative Absolute Return Strategy ETF by 2,475.2% in the third quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock valued at $410,000 after acquiring an additional 14,158 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 9.6% during the fourth quarter. Assetmark Inc. now owns 126,933 shares of the company’s stock valued at $3,555,000 after purchasing an additional 11,171 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ FAAR opened at $28.24 on Tuesday. The company’s fifty day simple moving average is $28.45 and its 200-day simple moving average is $28.14. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $27.42 and a 52 week high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Company 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.