RFG Advisory LLC Acquires 48,676 Shares of First Trust Alternative Absolute Return Strategy ETF $FAAR

RFG Advisory LLC raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 40.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,240 shares of the company’s stock after purchasing an additional 48,676 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $5,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at $94,000. CoreCap Advisors LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 18.2% during the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock worth $108,000 after buying an additional 527 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1,222.0% during the 1st quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock worth $241,000 after buying an additional 6,599 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 128.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock worth $2,550,000 after buying an additional 42,472 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 9.1% during the 1st quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock worth $8,356,000 after buying an additional 20,736 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.5%

Shares of FAAR opened at $31.94 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $26.73 and a 52 week high of $35.81. The firm’s 50-day simple moving average is $31.20 and its 200 day simple moving average is $32.48.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.144 per share. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, June 25th.

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.