Orion Portfolio Solutions LLC Boosts Stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Orion Portfolio Solutions LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,385 shares of the company’s stock after acquiring an additional 1,969 shares during the period. Orion Portfolio Solutions LLC owned about 1.26% of First Trust Alternative Absolute Return Strategy ETF worth $1,215,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FAAR. Raymond James Financial Inc. bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at about $2,363,000. LPL Financial LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 11.8% in the 4th quarter. LPL Financial LLC now owns 214,734 shares of the company’s stock worth $6,015,000 after acquiring an additional 22,663 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter worth approximately $397,000. Benjamin Edwards Inc. grew its holdings in shares of 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. Finally, Assetmark Inc. raised its position in First Trust Alternative Absolute Return Strategy ETF by 9.6% in the 4th quarter. Assetmark Inc. now owns 126,933 shares of the company’s stock worth $3,555,000 after purchasing an additional 11,171 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

First Trust Alternative Absolute Return Strategy ETF stock opened at $26.81 on Friday. The firm has a fifty day simple moving average of $28.47 and a two-hundred day simple moving average of $28.17. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.69 and a twelve month high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1533 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.61 annualized dividend and a yield of 2.29%.

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.