1776 Wealth LLC Has $288,000 Holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

by · The Cerbat Gem

1776 Wealth LLC decreased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Free Report) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,366 shares of the company’s stock after selling 2,336 shares during the quarter. 1776 Wealth LLC owned approximately 0.29% of First Trust Alternative Absolute Return Strategy ETF worth $288,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hershey Financial Advisers LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter valued at $51,000. TFB Advisors LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter valued at $201,000. Jaffetilchin Investment Partners LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter valued at $306,000. Benjamin F. Edwards & Company Inc. lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 3.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock valued at $377,000 after purchasing an additional 398 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 8.1% during 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.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.1 %

FAAR stock traded up $0.02 during trading hours on Friday, hitting $27.73. 17,840 shares of the stock were exchanged, compared to its average volume of 34,297. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $27.10 and a 12 month high of $29.44. The company has a 50-day simple moving average of $27.89 and a two-hundred day simple moving average of $28.24.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.201 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.80 annualized dividend and a dividend yield of 2.90%.

First Trust Alternative Absolute Return Strategy ETF Profile

(Free Report)

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.

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