First Trust Alternative Absolute Return Strategy ETF $FAAR Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 45.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,149 shares of the company’s stock after selling 15,765 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.53% of First Trust Alternative Absolute Return Strategy ETF worth $531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lord & Richards Wealth Management LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter worth about $33,000. Rossby Financial LCC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter worth about $59,000. Apollon Wealth Management LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter worth about $202,000. TFB Advisors LLC boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 43.0% in the 1st quarter. TFB Advisors LLC now owns 13,065 shares of the company’s stock worth $378,000 after buying an additional 3,929 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter worth about $473,000.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.3%

First Trust Alternative Absolute Return Strategy ETF stock opened at $30.06 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $25.19 and a 52 week high of $32.19. The firm’s 50-day simple moving average is $30.03 and its 200 day simple moving average is $28.37.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.1759 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.70 annualized dividend and a dividend yield of 2.3%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

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.