First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) to Issue $0.14 Quarterly Dividend

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.1372 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, September 24th.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of FAAR opened at $32.50 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.73 and a twelve month high of $35.81. The firm has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $32.58.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter valued at about $451,000. RFG Advisory LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 40.4% in the second quarter. RFG Advisory LLC now owns 169,240 shares of the company’s stock worth $5,351,000 after buying an additional 48,676 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the second quarter worth about $94,000. CoreCap Advisors LLC lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 18.2% in the second 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 period. Finally, Parallel Advisors LLC boosted its position in 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 valued at $241,000 after acquiring an additional 6,599 shares in the last quarter.

About First Trust Alternative Absolute Return Strategy ETF

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.