First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,216 shares of the company’s stock after acquiring an additional 411 shares during the period. Gateway Wealth Partners LLC owned about 0.64% of First Trust Alternative Absolute Return Strategy ETF worth $622,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FAAR. TFB Advisors LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter worth about $201,000. Focus Financial Network Inc. lifted its stake 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 worth $388,000 after acquiring an additional 1,040 shares in the last quarter. World Investment Advisors LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at about $397,000. Janney Montgomery Scott LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 49.3% in 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 in the last quarter. Finally, Benjamin Edwards Inc. raised its position in First Trust Alternative Absolute Return Strategy ETF by 2,475.2% in 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 in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.7 %

FAAR stock opened at $28.50 on Wednesday. The business’s 50-day moving average is $28.17 and its two-hundred day moving average is $28.16. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.42 and a 1 year high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.3264 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.