1776 Wealth LLC Sells 1,047 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

1776 Wealth LLC decreased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,319 shares of the company’s stock after selling 1,047 shares during the period. 1776 Wealth LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Maripau Wealth Management LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at approximately $213,000. TFB Advisors LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 26.3% during the 4th quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock valued at $256,000 after purchasing an additional 1,904 shares during the last quarter. World Investment Advisors LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter valued at approximately $397,000. Janney Montgomery Scott LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 49.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock valued at $402,000 after purchasing an additional 4,739 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its position in First Trust Alternative Absolute Return Strategy ETF by 2,475.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock valued at $410,000 after purchasing an additional 14,158 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.8 %

FAAR opened at $28.40 on Thursday. The business has a 50 day simple moving average of $28.47 and a two-hundred day simple moving average of $28.14. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.42 and a one year high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.

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.